EconPapers    
Economics at your fingertips  
 

Insurance and rural welfare: what can panel data tell us?

Chris Elbers (), Jan Willem Gunning () and Lei Pan ()

Applied Economics, 2009, vol. 41, issue 24, 3093-3101

Abstract: Assessing the scope for insurance in rural communities usually requires a structural model of household behaviour under risk. One of the few empirical applications of such models is the study by Rosenzweig and Wolpin (1993) who conclude that Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this article we investigate how models such as theirs can be estimated from panel data on production and assets. We show that if assets can take only a limited number of values the coefficients of the model cannot be estimated with reasonable precision. We also show that this can affect the conclusion that insurance would not be welfare improving.

Date: 2009
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840701367614 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Insurance and Rural Welfare: What Can Panel Data Tell Us? (2007) Downloads
Working Paper: Insurance and Rural Welfare: What can Panel Data tell us? (2007) Downloads
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:taf:applec:v:41:y:2009:i:24:p:3093-3101

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Series data maintained by Chris Longhurst ().

 
Page updated 2017-10-28
Handle: RePEc:taf:applec:v:41:y:2009:i:24:p:3093-3101