Data/hora: 02/06/2024 18:28:18

Provedor de dados: | 31
País: | United States
Título: | Insurance preferences of smallholders : results from an adaptive conjoint analysis in Northern Vietnam
Autores: | Fischer,   Isabel; Buchenrieder,   Gertrud.
Data: | 2010-08-04
Ano: | 2008
Palavras-chave: | Risk management; Livestock insurance; Adaptive conjoint analysis (ACA); Vietnam; Risk and Uncertainty.
Resumo: | Livestock plays a pivotal role for smallholder production systems in mountainous Northern Vietnam. Poor rural farm households are vulnerable and their livelihood systems are often so fragile and finely-balanced that a small misfortune can destabilize the households for many years. Economic risks, especially loss of livestock, are one of the major reasons for slipping into poverty. Normally, insurance systems could step in here. In developing countries however, insurance markets are usually underdeveloped. Empirical research reveals that raising livestock and selling it in case of a livelihood emergency is a particularly popular risk management strategy. Based on the results of a computer-based Adaptive Conjoint Analysis (ACA) with 155 responding households of different ethnic minority groups in Son La and Bac Kan provinces of Northern Vietnam, this article examines insurance preferences of rural farm households. In general, smallholders are very interested in livestock insurance. The ‘insured animal’ is the most important attribute for all respondents and the buffalo is the highest valued animal. However, the critical issue is how to design the insurance package. It is argued that the provision of adapted livestock insurance could help decreasing household vulnerability by a forward looking risk management strategy. Insurance preferences of smallholders are presented and policy recommendations are given to improve the overall situation of vulnerable households in mountainous Northern Vietnam.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

1439-4952

http://purl.umn.edu/92830

Relação:

Universitaet Hohenheim, Department of Agricultural Economics and Social Sciences in the Tropics and Subtropics&gt;Research in Development Economics and Policy (Discussion Paper Series)

Discussion Paper

05/2008

Formato: | 15