Gender and Willingness to Pay for Insured Loans: Empirical Evidence from Ghana.

This study investigates the willingness to pay (WTP) for index-based drought insurance coupled with agricultural loans by product design and gender, using a contingent valuation method. The empirical estimations reveal several important findings. First, females have lower mean WTP than male farmers...

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Published in:Journal of Development Studies Vol. 58; no. 12; pp. 2526 - 2544
Main Authors: Mishra, Khushbu, Gallenstein, Richard A.
Format: Article
Published: Taylor & Francis Ltd Dec2022
Subjects:
Online Access:View this record in EBSCOhost
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      dt: Dec2022
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        10.1080/00220388.2022.2102900
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        atl: Gender and Willingness to Pay for Insured Loans: Empirical Evidence from Ghana.
      aug:
        au:
          Mishra, Khushbu
          Gallenstein, Richard A.
        affil:
          Department of Economics, Stetson University, DeLand, FL, USA
          Economics Department, The Catholic University of America, Washington, DC, USA
      su:
        Ghana
        Gender
        Contingent valuation
        Willingness to pay
        Agricultural insurance
        Product design
        Women farmers
        Insurance agents
      sug:
        subj:
          Gender
          Ghana
          Insurance Agencies and Brokerages
          Direct Property and Casualty Insurance Carriers
          Other direct insurance (except life, health and medical) carriers
          Industrial Design Services
          Contingent valuation
          Willingness to pay
          Agricultural insurance
          Product design
          Women farmers
          Insurance agents
      keyword:
        Africa
        index insurance
        technology adoption
        willingness to pay
        Africa
        index insurance
        technology adoption
        willingness to pay
      ab: This study investigates the willingness to pay (WTP) for index-based drought insurance coupled with agricultural loans by product design and gender, using a contingent valuation method. The empirical estimations reveal several important findings. First, females have lower mean WTP than male farmers for each product design. Second, females do not express preference differences between insured loan product designs while males do. In fact, males prefer insured loans that make payouts directly to them and prefer insured loans without design risk.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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