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Microinsurance Decisions: Gendered Evidence from Rural Bangladesh

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  • Daniel J. Clarke
  • Neha Kumar

Abstract

This paper draws from a field research experiment to examine the gendered aspects of willingness to pay for index-based insurance in Bangladesh. Participants were presented with risky lotteries and a specific insurance contract and were asked to choose how much (if any) of the insurance they wanted to buy at a given price. The probability structure (whether the risk was catastrophic or moderate and whether there was high or low basis risk) varied within sessions.

Suggested Citation

  • Daniel J. Clarke & Neha Kumar, 2016. "Microinsurance Decisions: Gendered Evidence from Rural Bangladesh," Working Papers id:8793, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:8793
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Daniel J. Clarke, 2016. "A Theory of Rational Demand for Index Insurance," American Economic Journal: Microeconomics, American Economic Association, vol. 8(1), pages 283-306, February.
    2. Stefan Dercon & Pramila Krishnan, 2000. "In Sickness and in Health: Risk Sharing within Households in Rural Ethiopia," Journal of Political Economy, University of Chicago Press, vol. 108(4), pages 688-727, August.
    3. Hans P. Binswanger, 1980. "Attitudes Toward Risk: Experimental Measurement in Rural India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 395-407.
    4. Quisumbing, Agnes R., 2011. "Do men and women accumulate assets in different ways?: Evidence from rural Bangladesh," IFPRI discussion papers 1096, International Food Policy Research Institute (IFPRI).
    5. Ruth Vargas Hill & John Hoddinott & Neha Kumar, 2013. "Adoption of weather-index insurance: learning from willingness to pay among a panel of households in rural Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 44(4-5), pages 385-398, July.
    6. Abigail Barr & Garance Genicot, 2008. "Risk Sharing, Commitment, and Information: An Experimental Analysis," Journal of the European Economic Association, MIT Press, vol. 6(6), pages 1151-1185, December.
    7. Esther Duflo & Christopher Udry, 2003. "Intrahousehold Resource Allocation in Côte D'ivoire: Social Norms, Separate Accounts and Consumption Choices," Working Papers 857, Economic Growth Center, Yale University.
    8. Zhang, Xiaobo & Rashid, Shahidur & Ahmad, Kaikaus & Mueller, Valerie & Lee, Hak Lim & Lemma, Solomon & Belal, Saika & Ahmed, Akhter U., 2013. "Rising wages in Bangladesh:," IFPRI discussion papers 1249, International Food Policy Research Institute (IFPRI).
    9. Agnes R. Quisumbing & John A. Maluccio, 2003. "Resources at Marriage and Intrahousehold Allocation: Evidence from Bangladesh, Ethiopia, Indonesia, and South Africa," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(3), pages 283-327, July.
    10. Clarke, Danielle & Das, Narayan C. & de Nicola, Francesca & Hill, Ruth Vargas & Kumar, Neha & Mehta, Parendi, 2012. "The value of customized insurance for farmers in rural Bangladesh:," IFPRI discussion papers 1202, International Food Policy Research Institute (IFPRI).
    11. Doss, Cheryl R, 2001. "Is Risk Fully Pooled within the Household? Evidence from Ghana," Economic Development and Cultural Change, University of Chicago Press, vol. 50(1), pages 101-130, October.
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    Cited by:

    1. Sadia Hussain & Hamna Ahmed, 2019. "The role of bundling in promoting sustainability of health insurance: evidence from Pakistan," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(3), pages 503-526, July.

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