Inequality and risk management: Evidence from a lab experiment in Ghana

Richard A. Gallenstein

Economics Letters, 2022, vol. 211, issue C

Abstract: Wealth inequality has been growing throughout the world in recent decades. In this article, I explore the impact of inequality on risk-management decisions in a developing country context. I use a lab-in-the-field experiment that introduces exogenous variation in inequality to investigate the impact of inequality on risk-sharing and insurance uptake decisions. I find that inequality does influence formation of risk-sharing agreements and demand for insurance.

Keywords: Inequality; Fairness; Risk-management; Experimental games (search for similar items in EconPapers)
JEL-codes: D63 D91 O15 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176521004730
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:211:y:2022:i:c:s0165176521004730

DOI: 10.1016/j.econlet.2021.110235

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().