The impact of microinsurance on asset accumulation and human capital investments: Evidence from a drought in Kenya

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When natural disasters strike in developing countries, households are often forced to choose between preserving assets or destabilizing consumption: Either can result in permanent consequences. This paper, published by ILO’s Microinsurance Innovation Facility, illustrates how insurance can transfer risk in a way that reduces the need for households to rely on costly coping strategies that undermine their future productivity.

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Author: 

Sarah A. Janzen, Michael R. Carter

Publisher: 

ILO

Number of pages: 

30

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