G2TT
来源类型Peer Reviewed
规范类型其他
Credit, Insurance and Farmers’ Liability: Evidence from a Lab in the Field Experiment with Coffee Farmers in Costa Rica
Naranjo, Maria Angelica; Pieters, Janneke; Alpízar, Francisco
发表日期2017-04-17
出版年2017
语种英语
摘要

Naranjo, Maria Angelica, Janneke Pieters and Francisco Alpízar. 2017. “Credit, Insurance and Farmers’ Liability: Evidence from a Lab in the Field Experiment with Coffee Farmers in Costa Rica.” EfD Discussion Paper Series .
Download reference

To cope with losses from extreme hydro-meteorological events, governments typically implement disaster relief programs and offer debt relief to affected parties. Governments in developing countries have made extensive use of total and partial debt coverage as a way to encourage investment in key sectors and in agriculture in particular. In the context of climate change, such practices are not viable because risk is systemic and losses can easily surpass most governments’ debt relief budgets. Insurance is an obvious alternative, but insurance uptake in developing countries is typically low, and little is known about the interaction between investment, insurance, and debt relief programs, which effectively reduce borrowers’ liability. This paper examines the effect of farmers’ liability on demand for credit with and without insurance. We test predictions of a theoretical model in a lab in the field experiment with coffee farmers in Costa Rica. Farmers choose how much to invest in six different settings, described on the one hand by whether the loan is insured or not, and on the other by the probability that the government provides full debt relief. As expected, uptake of loans with insurance is significantly higher than without insurance when farmers are fully liable, and insurance is not relevant for investments if debt relief is guaranteed. Interestingly, uncertainty about liability is enough to trigger the uptake of insured debt. Our results suggest that well-defined rules for disaster relief are needed to support development of insurance markets.

主题Policy Design
URLhttps://efdinitiative.org/publications/credit-insurance-and-farmers-liability-evidence-lab-field-experiment-coffee-farmers-0
来源智库Environment for Development Initiative (Sweden)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/138373
推荐引用方式
GB/T 7714
Naranjo, Maria Angelica,Pieters, Janneke,Alpízar, Francisco. Credit, Insurance and Farmers’ Liability: Evidence from a Lab in the Field Experiment with Coffee Farmers in Costa Rica. 2017.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
17-04_337.pdf(1717KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Naranjo, Maria Angelica]的文章
[Pieters, Janneke]的文章
[Alpízar, Francisco]的文章
百度学术
百度学术中相似的文章
[Naranjo, Maria Angelica]的文章
[Pieters, Janneke]的文章
[Alpízar, Francisco]的文章
必应学术
必应学术中相似的文章
[Naranjo, Maria Angelica]的文章
[Pieters, Janneke]的文章
[Alpízar, Francisco]的文章
相关权益政策
暂无数据
收藏/分享
文件名: 17-04_337.pdf
格式: Adobe PDF

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。