Delayed Premium Payment, Insurance Adoption, and Household Investment in Rural China
Отсрочка уплаты страховой премии, приобретение страхования и инвестиции домохозяйств в сельском Китае
2020-02-18
SCID: 54.1/nfwtz95m
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Delayed premium paymentHousehold investmentInsurance adoptionRandomized controlled trialSmallholder farmers
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Abstract (AI)
We conduct a randomized controlled trial to examine the impacts of delayed premium payment on insurance uptake and the subsequent investment decisions among smallholder farmers in rural China. Our results show uptake among those with the delayed payment option is 10% higher than and three times as high as among those without the option. We also find a positive impact of delayed premium payment and insurance adoption on household investment in production, especially higher risk activities.
Key Findings
1
A randomized controlled trial evaluates how delayed premium payment affects insurance adoption and household investment among smallholder farmers in rural China.
2
Delayed premium payment and insurance adoption positively affect household production investment, particularly investment in higher-risk activities.
3
Offering delayed premium payment increases insurance uptake by 10% relative to, and to three times the level of, households without the option.
Research Object
Smallholder farming households in rural China
Research Subject
The effects of delayed insurance premium payment and insurance adoption on insurance uptake and household production investment, particularly in higher-risk activities
Publication Details
Publication Date
2020-02-18
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