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Exploring the effect of microinsurance on asset inequality among households in Ghana


  • Joseph Oscar Akotey
  • Charles K. D. Adjas

    () (University of Stellenbosch, South Africa)


We employed the Gini method to investigate the effect of microinsurance on asset inequality among households in Ghana. The findings indicate that the asset inequality of insured households is less than that of uninsured households. Also, insured female-headed households have much lower asset inequality than male-headed households, but uninsured female-headed households are worse off than both uninsured and insured male-headed households. The regional trend reveals that developmental gaps impede the capacity of microinsurance to bridge the asset inequality gap. The findings of this study require policy directions to encourage more low-income households to take up microinsurance schemes.

Suggested Citation

  • Joseph Oscar Akotey & Charles K. D. Adjas, 2015. "Exploring the effect of microinsurance on asset inequality among households in Ghana," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(2), pages 373-398, April-Jun.
  • Handle: RePEc:jda:journl:vol.49:year:2015:issue2:pp:373-398

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    Asset Inequality; Microinsurance; Households; Ghana;

    JEL classification:

    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies


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