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Data and code for: Subsidy Policies and Insurance Demand

Resource Type
  • Cai, Jing (University of Maryland)
  • de Janvry, Alain (University of California at Berkeley)
  • Sadoulet, Elisabeth (University of California at Berkeley)
Publication Date
  • Abstract

    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.
Geographic Coverage
  • China
  • Is version of
    DOI: 10.3886/E117973

Update Metadata: 2020-07-23 | Issue Number: 1 | Registration Date: 2020-07-23

Cai, Jing; de Janvry, Alain; Sadoulet, Elisabeth (2020): Data and code for: Subsidy Policies and Insurance Demand. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.