Gender and Willingness to Pay for Insured Loans: Empirical Evidence from Ghana

Abstract This study investigates the willingness to pay (WTP) for index-based drought insurance coupled with agricultural loans by product design and gender, using a contingent valuation method. The empirical estimations reveal several important findings. First, females have lower mean WTP than male farmers for each product design. Second, females do not express preference differences between insured loan product designs while males do. In fact, males prefer insured loans that make payouts directly to them and prefer insured loans without design risk.

• Publication year

  2022

• Venue

  Journal of Development Studies

• Publication date

  2022-08-09

• Fields of study

  Agricultural and Food Sciences, Business, Economics

• Identifiers
  DOI 10.1080/00220388.2022.2102900
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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