IFPRI陈志刚(Kevin chen)HZAU Experimenting with Pig farmers PPT 20131113.pptxVIP

Kevin Z. Chen China Program Leader and Senior Research Fellow International Food Policy Research Institute (IFPRI);Introduction;A Puzzle on Farmers’ Insurance Participation in Developing Countries;Explanations from the Existing Literature;Research Questions and Methodology;Theoretical Model;Not Choosing Any Insurance;Choosing to Insure under the Traditional Insurance Scheme;Choosing to Insure under the New Scheme;Theoretical Proposition;Experimental Design;Context;Insurance for Fattening Pigs;Experimental Design;Baseline Data Collection;Measures of Risk Preference;Measures of Trust ;Measures of Liquidity Constraints ;Baseline Characteristics;Experiment Implementation;Empirical Strategies and Results;Assessing the Impact on Demand for Insurance ;A Strong Increase in Take-up (as a result of receiving the voucher);Information Effect;No Information Effect;Heterogeneity of Treatment Effect;Treatment Effect: Significant for All Groups;Relationship between Risk Preference and Insurance Demand ;Increased Risk Aversion Associated with Reduced Insurance Demand;Assessing the Impact of Insurance on Investment;Households (Induced to Purchase Insurance by the Voucher) Invested More in Pig Production;The Provision of Insurance also Has Portfolio Effects by Altering the Type of Investments;Conclusions;Acknowledge