Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Impact of Weather Insurance on Household Production and Savings

Authors
Xiaoling Zhang1, *, Jiaming Zhang2
1School of Mathematics Sciences, University of Chinese Academy of Sciences, Beijing, China
2The School of Technology, Beijing Forestry University, Beijing, China
*Corresponding author. xlingzhang9@qq.com
Corresponding Author
Xiaoling Zhang
Available Online 26 March 2022.
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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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
10.2991/aebmr.k.220307.349
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.349How to use a DOI?
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.

Cite this article

risenwbib
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  -