Data and code for: Subsidy Policies and Insurance Demand
Principal Investigator(s): View help for Principal Investigator(s) Jing Cai, University of Maryland; Alain de Janvry, University of California at Berkeley; Elisabeth Sadoulet, University of California at Berkeley
Version: View help for Version V1
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| Data and Do-file | 05/04/2020 01:07:PM | ||
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application/pdf | 47 KB | 05/04/2020 09:08:AM |
Project Citation:
Cai, Jing, de Janvry, Alain, and Sadoulet, Elisabeth. Data and code for: Subsidy Policies and Insurance Demand. Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-07-23. https://doi.org/10.3886/E117973V1
Project Description
Summary:
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Using data from a two-year pricing experiment, we study the impact of subsidy policies on weather insurance take-up. Results show that subsidies increase future insurance take-up through their influence on payout experiences. Exploring mechanisms of the payout effect, we find that for households that randomly benefited from financial education, receiving a payout provides a one-time learning experience that improves take-up permanently. In contrast, households with poor insurance knowledge continuously update take-up decisions based on recent experiences with disasters and payouts. Combining subsidy policies with financial education can thus be effective in promoting long-run insurance adoption.
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
G22 Insurance; Insurance Companies; Actuarial Studies
H20 Taxation, Subsidies, and Revenue: General
O12 Microeconomic Analyses of Economic Development
Q12 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
D12 Consumer Economics: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
G22 Insurance; Insurance Companies; Actuarial Studies
H20 Taxation, Subsidies, and Revenue: General
O12 Microeconomic Analyses of Economic Development
Q12 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Geographic Coverage:
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China
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