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Managing Risk with Insurance and Savings : Experimental Evidence for Male and Female Farm Managers in the Sahel

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dc.contributor.authorDelavallade, Clara
dc.contributor.authorDizon, Felipe
dc.contributor.authorVargas Hill, Ruth
dc.contributor.authorPetraud, Jean Paul
dc.date.accessioned2015-02-03T16:24:59Z
dc.date.available2015-02-03T16:24:59Z
dc.date.issued2015-01
dc.description.abstractAlthough there is fast-growing policy interest in offering financial products to help rural households manage risk, the literature is still scant as to which products are the most effective. This paper uses a randomized field experiment in Senegal and Burkina Faso to compare male and female farmers who are offered index-based agricultural insurance with those who are offered a variety of savings instruments. The paper finds that female farm managers were less likely to purchase agricultural insurance and more likely to invest in savings for emergencies, even controlling for access to informal insurance and differences in crop choice. It is hypothesized that this finding results from the fact that, although men and women are equally exposed to yield risk, women face additional sources of lifecycle risk -- particularly health risks associated with fertility and childcare -- that men do not. In essence, the basis risk associated with agricultural insurance products is higher for women. Purchasing insurance increased input spending and use more than savings. Those who purchased more insurance realized higher average yields and were better able to manage food insecurity and shocks. This finding suggests that gender differences in demand for financial products can have an impact on productivity, resilience, and welfare.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/01/23856332/managing-risk-insurance-savings-experimental-evidence-male-female-farm-managers-sahel
dc.identifier.doi10.1596/1813-9450-7176
dc.identifier.urihttps://hdl.handle.net/10986/21393
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7176
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL INCOMES
dc.subjectAGRICULTURAL INPUTS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL SHOCK
dc.subjectAGRICULTURAL SHOCKS
dc.subjectAGRICULTURAL YIELDS
dc.subjectARID TROPICS
dc.subjectBARRIER
dc.subjectBASIS RISK
dc.subjectCASH PAYMENTS
dc.subjectCOMMODITY
dc.subjectCROP INSURANCE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDROUGHT
dc.subjectDROUGHT RISK
dc.subjectDROUGHTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMICS
dc.subjectEMERGENCIES
dc.subjectEXPOSURE
dc.subjectEXPOSURE TO RISK
dc.subjectFARM SELF-EMPLOYMENT
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFARMLAND
dc.subjectFEMALE FARMERS
dc.subjectFERTILITY RATES
dc.subjectFINANCIAL INSTRUMENT
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL PRODUCT
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SERVICES
dc.subjectFLOODS
dc.subjectFOOD INSECURITY
dc.subjectFOOD ITEMS
dc.subjectFOOD POLICY
dc.subjectFOOD SECURITY
dc.subjectFOOD SHORTAGES
dc.subjectGIFT EXCHANGE
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH RISK
dc.subjectHEALTH RISKS
dc.subjectHEALTH STATUS
dc.subjectHOUSEHOLD WELFARE
dc.subjectIDIOSYNCRATIC SHOCKS
dc.subjectINCOME
dc.subjectINCOME RISK
dc.subjectINCOMES
dc.subjectINFORMAL INSURANCE
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINVESTMENT CHOICES
dc.subjectINVESTMENT DECISION
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectLABOR ALLOCATION
dc.subjectLIQUIDITY
dc.subjectMALNUTRITION
dc.subjectMARKET ACCESS
dc.subjectMARKET PRICE
dc.subjectMEDICINE
dc.subjectMICROINSURANCE
dc.subjectOUTPUT
dc.subjectPOOR
dc.subjectPOVERTY REDUCTION
dc.subjectREPEATED SHOCKS
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MITIGATION
dc.subjectROSCAS
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL COMMUNITIES
dc.subjectRURAL HOUSEHOLD
dc.subjectRURAL HOUSEHOLDS
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNT
dc.subjectSAVINGS ACCOUNTS
dc.subjectSAVINGS BEHAVIOR
dc.subjectSAVINGS INSTRUMENT
dc.subjectSAVINGS INSTRUMENTS
dc.subjectSECURITY CONCERNS
dc.subjectSLUMS
dc.subjectSMALLHOLDER FARMERS
dc.subjectSOCIAL SECURITY
dc.subjectTYPES OF INSTRUMENTS
dc.titleManaging Risk with Insurance and Savings : Experimental Evidence for Male and Female Farm Managers in the Sahelen
dspace.entity.typePublication
okr.crossref.titleManaging Risk with Insurance and Savings: Experimental Evidence for Male and Female Farm Managers in the Sahel
okr.date.disclosure2015-01-15
okr.date.doiregistration2025-04-10T09:43:02.813111Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/01/23856332/managing-risk-insurance-savings-experimental-evidence-male-female-farm-managers-sahel
okr.globalpracticeFinance and Markets
okr.globalpracticePoverty
okr.guid696791468057276724
okr.identifier.doi10.1596/1813-9450-7176
okr.identifier.externaldocumentum000158349_20150122114421
okr.identifier.internaldocumentum23856332
okr.identifier.reportWPS7176
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/01/22/000158349_20150122114421/Rendered/PDF/WPS7176.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSahel
okr.topicInsurance and Risk Mitigation
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicPrivate Sector Development::Emerging Markets
okr.topicUrban Development::Hazard Risk Management
okr.unitPoverty Global Practice Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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