Two steps back how low-income Kenyans think about and experience risk in their pursuit of prosperity

Julie. Zollmann

ILO Working Papers from International Labour Organization

Abstract: Given their limited capacities to cope, low income people can experience major setbacks when hit by even seemingly small shocks and can experience serious losses of wealth and welfare when big shocks strike. And merely the spectre of shocks can lead to underinvestment that makes even a smooth climb out of poverty take much longer than it otherwise might. This paper explores how low income respondents in the Kenya Financial Diaries think about, experience, and prepare for risks in their lives.

Keywords: microinsurance; low income; consumer behaviour (search for similar items in EconPapers)
Pages: 1 online resource (35 p.) pages
Date: 2015
References: Add references at CitEc
Citations:

Published in Impact insurance working paper;

Downloads: (external link)
https://ilo.userservices.exlibrisgroup.com/view/de ... NST/1292456400002676 (application/pdf)

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:ilo:ilowps:995186991002676

Access Statistics for this paper

More papers in ILO Working Papers from International Labour Organization Contact information at EDIRC.
Bibliographic data for series maintained by Vesa Sivunen ().