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Insurance and Rural Welfare: What can Panel Data tell us?
Elbers, Chris; Gunning, Jan Willem; Pan, Lei - 2007
Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …
Persistent link: https://www.econbiz.de/10010325576
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Growth and Risk: Methodology and Micro Evidence
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - 2003
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10010324821
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Convergence, Shocks and Poverty
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - 2002
Using a unique panel data set for rural households in Zimbabwe we estimate amicroeconomic model of growth under uncertainty, a stochastic version of the Ramsey modelwith livestock as the single asset. We use the estimation results in simulation experiments(over a 20-year period) to quantify the...
Persistent link: https://www.econbiz.de/10010324873
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Vulnerability in a Stochastic Dynamic Model
Elbers, Chris; Gunning, Jan Willem - 2003
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10010325021
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Risk and Savings: a Taxonomy
Gunning, Jan Willem - 2008
Risk may induce precautionary saving but it can also reduce saving. The theoretical literature recognizes both possibilities, but favors a positive effect (both for developed and developing countries); the empirical literature is divided, reporting (small) positive effects for developed...
Persistent link: https://www.econbiz.de/10010326046
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Risk Sharing in Labour Markets
Bigsten, Arne; Collier, Paul; Dercon, Stefan; … - 2003
insurance to employers: when firms are hit by temporary shocks the effect on profits is cushioned by risk sharing with workers …
Persistent link: https://www.econbiz.de/10010325075
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Business Cycle Fluctuations and Private Savings in OECD Countries: A Panel Data Analysis
Adema, Yvonne; Pozzi, Lorenzo - 2012
We investigate the cyclicality of the private savings to GDP ratio for a panel of 19 OECD countries over the period 1971-2009. We find robust evidence that the private savings ratio is countercyclical. Three theories unambiguously predict a higher private savings ratio during recessions: a...
Persistent link: https://www.econbiz.de/10010326386
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The Impact of Financial Education for Youth in Ghana
Berry, James; Karlan, Dean; Pradhan, Menno - 2015
We evaluate, using a randomized trial, two school-based financial literacy education programs in government-run primary and junior high schools in Ghana. One program integrated financial and social education, whereas the second program only offered financial education. Both programs included a...
Persistent link: https://www.econbiz.de/10011288396
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Economic Impact of Illness with Health Insurance but without Income Insurance
Neelsen, Sven; Limwattananon, Supon; O'Donnell, Owen; … - 2015
back on saving, and by borrowing. In the short term, informal insurance fills gaps left uncovered by formal insurance but …
Persistent link: https://www.econbiz.de/10011288418
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Subjective Expectations of Medical Expenditures and Insurance in Rural Ethiopia
Yilma, Zelalem; O'Donnell, Owen; Mebratie, Anagaw; … - 2015
Little is known about perceptions of medical expenditure risks despite their presumed relevance to health insurance … who are offered the opportunity to purchase health insurance. We find that expectations are positively correlated with … persistence and underestimation of the potential gains from insurance. Despite the fact that forecast expenditures do predict …
Persistent link: https://www.econbiz.de/10011403583