Impact of Weather Insurance on Household Production and Savings

DOI

10.2991/aebmr.k.220307.349How to use a DOI?

Keywords

weather insurance; household production; household saving; DID

Abstract

Extreme disasters caused by global climate change have increased the instability of agricultural production in China. In response to these weather hazards, adverse shocks and foregone opportunities for profitability will lead to large fluctuations in agricultural household capital and consumption if insurance markets are inadequate, and it is necessary to study the effect of weather insurance. This paper uses a natural experiment to analyze the impact of an agricultural weather insurance program on household production and saving behavior. The empirical methods are difference-in-difference and triple-difference methods. The results show that the provision of weather insurance effectively promotes household production and also affects the increase in the household savings rate.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Xiaoling Zhang
AU  - Jiaming Zhang
PY  - 2022
DA  - 2022/03/26
TI  - Impact of Weather Insurance on Household Production and Savings
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2130
EP  - 2133
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.349
DO  - 10.2991/aebmr.k.220307.349
ID  - Zhang2022
ER  -