IDEAS home Printed from https://ideas.repec.org/a/nap/nijssr/2019p33-42.html

Impairments Analytics Of Consumption Of Children Education Insurance Policy Among Households In Agrarian And Non-Agrarian Areas Of Akwa Ibom State

Author

Listed:
  • Iniobong Bassey Inyang

    (Nyles Development Analytics International, Uyo, Akwa Ibom State, Nigeria)

  • Emem Bassey Inyang

    (Department of Agricultural Economics and Extension, University of Uyo, Uyo. Akwa Ibom State. Nigeria)

  • Bassey Ime Frank

    (Department of Insurance, University of Uyo, Uyo. Akwa Ibom State, Nigeria)

Abstract

This study was designed to assess the dimension of the poor consumption of Education insurance policy among households in Uyo capital city of Akwa Ibom State, Nigeria. The Socio-economic profiling of the PCCEIP of respondents was assessed, the incidence index of perceived poor consumption of CEIP was estimated and the relative rank positioning of the perceived poor consumption of CEIP were mapped. Â A sample size of 72 respondents was used in the survey. The study relied on primary data and was collected through a set of validated scales. Data collected were subjected to descriptive statistical tools including incidence and composite index analyses. The study reveal that majority of the respondents were not aware of the existence and benefits of education insurance policies. It also revealed prominent dimensions of the incidences of the poor consumption of Education insurance policy in the state and country at large. In view of these it was recommended that awareness programme should be structured by insurance firms to the understanding of parents on how insurance operates, especially Education insurance, to dispel the fear of non-payment of benefits or claims. Also, current payment of such benefits should be published and the product (education insurance) should be designed to accommodate various income strata of the society.

Suggested Citation

  • Iniobong Bassey Inyang & Emem Bassey Inyang & Bassey Ime Frank, 2019. "Impairments Analytics Of Consumption Of Children Education Insurance Policy Among Households In Agrarian And Non-Agrarian Areas Of Akwa Ibom State," Noble International Journal of Social Sciences Research, Noble Academic Publsiher, vol. 4(2), pages 33-42, February.
    • Handle: RePEc:nap:nijssr:2019:p:33-42
    as

    Download full text from publisher

    File URL: https://www.napublisher.org/pdf-files/NIJSSR-280-33-42.pdf
    Download Restriction: no
    File URL: https://www.napublisher.org/?ic=journal&journal=7&month=02-2019&issue=2&volume=4
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    2. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, December.
    3. Christopher Udry, 1994. "Risk and Insurance in a Rural Credit Market: An Empirical Investigation in Northern Nigeria," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(3), pages 495-526.
    4. Sarah Smith, 2006. "Persistency of pension contributions in the UK: Evidence from aggregate and micro-data," The Centre for Market and Public Organisation 06/139, The Centre for Market and Public Organisation, University of Bristol, UK.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emiliano Magrini & Pierluigi Montalbano, 2012. "Trade openness and vulnerability to poverty: Vietnam in the long-run (1992-2008)," Working Paper Series 3512, Department of Economics, University of Sussex Business School.
    2. Levin, Mark (Левин, Марк) & Matrosova, Ksenia (Матросова, Ксения), 2018. "Development and Research of Economic Behavior of Households in Changing Conditions [Разработка И Исследование Экономического Поведения Домохозяйств В Изменяющихся Условиях]," Working Papers 041825, Russian Presidential Academy of National Economy and Public Administration.
    3. Richard Disney & Andy McKay & C Rashaad Shabab, 2023. "Household inequality and remittances in rural Thailand: a life-cycle perspective," Oxford Economic Papers, Oxford University Press, vol. 75(2), pages 418-443.
    4. Gamel Abdul-Nasser Salifu, 2019. "The Political Economy Dynamics of Rural Household Income Diversification: A Review of the International Literature," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 273-290, December.
    5. Somville, Vincent & Vandewalle, Lore, 2023. "Access to banking, savings and consumption smoothing in rural India," Journal of Public Economics, Elsevier, vol. 223(C).
    6. Disney, Richard & Mckay, Andy & Shabab, C Rashaad, 2023. "Household inequality and remittances in rural Thailand: a life-cycle perspective," LSE Research Online Documents on Economics 121207, London School of Economics and Political Science, LSE Library.
    7. Eoin McGuirk & Marshall Burke, 2020. "The Economic Origins of Conflict in Africa," Journal of Political Economy, University of Chicago Press, vol. 128(10), pages 3940-3997.
    8. Pushan Dutt & V. Padmanabhan, 2011. "Crisis and Consumption Smoothing," Marketing Science, INFORMS, vol. 30(3), pages 491-512, 05-06.
    9. Bunting, David, 2009. "The saving decline: Macro-facts, micro-behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 282-295, May.
    10. Lang, Harald, 1987. "Herman Wold on Optimal Properties of Exponentially Weighted Forecasts," Working Paper Series 179, Research Institute of Industrial Economics.
    11. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    12. Sadullah Çelik & Yasemin Özerkek, 2008. "Panel cointegration analysis of consumer confidence and personal consumption in the European Union," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(2), pages 161-168, February.
    13. repec:spo:wpecon:info:hdl:2441/f0uohitsgqh8dhk9814kl7606 is not listed on IDEAS
    14. Ricardo Barradas & Ines Tomas, 2023. "Household indebtedness in the European Union countries: Going beyond the mainstream interpretation," PSL Quarterly Review, Economia civile, vol. 76(304), pages 21-49.
    15. Alok Bhargava, 2006. "Modelling the Health of Filipino Children," World Scientific Book Chapters, in: Econometrics, Statistics And Computational Approaches In Food And Health Sciences, chapter 11, pages 153-168, World Scientific Publishing Co. Pte. Ltd..
    16. Iheonu O Chimere & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of household consumption in selected West African countries," Economics Bulletin, AccessEcon, vol. 40(2), pages 1596-1606.
    17. Klos, Alexander & Rottke, Simon, 2013. "Saving and Consumption When Children Move Out," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79786, Verein für Socialpolitik / German Economic Association.
    18. Christian Johnson & George G Kaufman, 2007. "Un banco, con cualquier otro nombre…," Boletín, CEMLA, vol. 0(4), pages 185-199, Octubre-d.
    19. Yi Wen, 2011. "Making sense of China’s astronomical foreign reserves," Working Papers 2011-018, Federal Reserve Bank of St. Louis.
    20. Nelson, Edward, 2017. "Reaffirming the Influence of Milton Friedman on U.K. Economic Policy," Working Papers 2017-01, University of Sydney, School of Economics, revised Feb 2017.
    21. Lorenzo Pozzi, 2003. "Tax Discounting in a High‐debt Economy," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(3), pages 261-282, July.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nap:nijssr:2019:p:33-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Managing Editor The email address of this maintainer does not seem to be valid anymore. Please ask Managing Editor to update the entry or send us the correct address (email available below). General contact details of provider: https://www.napublisher.org/?ic=journal&journal=7&info=aims .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.