Table 11 Factors affecting the adoption of Index insurance
From: Intensity of crop and livestock insurance adoption: lessons from Mexico
Category | Factors | Positive Sign | Negative Sign |
|---|---|---|---|
Risk | Risk Aversion | Lampe and Würtenberger (2020); Carrer et al. (2020); Visser et al. (2020); Giné et al. (2008) | |
Informal Risk Sharing Arrangement | Sarris (2013) | ||
Risk Perception | Tang et al. (2021); Yufei et al. (2022); Takahashi et al. (2020) | ||
Behavior | Trust | Moritz et al. (2023); Nordmeyer and Mußhoff (2023); Cole et al. (2013) | |
Peer Imitation | Moritz et al. (2023) | ||
Purchase/Disaster Experience | Tang et al. (2021); Aditya et al. (2018); Bjerge and Trifkovic (2018) | ||
Demographic Factors | Education | Tang et al. (2021); Nordmeyer and Mußhoff (2023); Takahashi et al. (2020); Carrer et al. (2020) | |
Age | Yufei et al. (2022) | Nordmeyer and Mußhoff (2023) | |
Gender-Female | Nordmeyer and Mußhoff (2023) | ||
Income | Takahashi et al. (2020) | ||
Biophysical Factor | Land Size | Yufei et al. (2022) | |
Economic Factors | Government Support | Sinha and Tripathi (2016); Hill et al. (2019); Aditya et al. (2018) | |
Liquidity/Credit Constraint | |||
Price/Premiums | Cole et al. (2013) |