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dc.contributorBarrett, Christopheren_US
dc.contributorMude, Andrewen_US
dc.creatorJensen, Nathanielen_US
dc.date2014-12-31en_US
dc.date.accessioned2017-01-05T19:43:21Z
dc.date.available2017-01-05T19:43:21Z
dc.identifierhttps://mel.cgiar.org/reporting/download/hash/nt70hd51en_US
dc.identifier.citationNathaniel Jensen, Christopher Barrett, Andrew Mude. (31/12/2014). Index Insurance and Cash Transfers: A Comparative Analysis from Northern Kenya. Nairobi, Kenya: International Livestock Research Institute (ILRI).en_US
dc.identifier.urihttps://hdl.handle.net/20.500.11766/5315
dc.description.abstractCash transfers and index insurance have become popular interventions by development agencies worldwide. But they operate in radically different ways. In principle, these could offer complementary or substitute means of improving households’ well-being, both through direct payments and through induced behavioral change. Surprisingly, little is known about these programs’ comparative impacts on participant behavior or well-being, nor about their prospective interactions. This paper exploits four years of household panel data from northern Kenya, where the government launched a Hunger Safety Net Program (HSNP) offering cash transfers just prior to the commercial launch of an index-based livestock insurance (IBLI) product. By exploiting the known selection mechanism behind HSNP participation and the randomization of IBLI extension education and premium discounts, we are able to make novel comparisons of the causal impacts of each type of program among the same population at the same time, which spans a catastrophic drought. We find that both programs benefit participants, but there is no evidence of positive synergies between the two programs. HSNP participation increases the likelihood that a household maintains mobility, an important pastoral production strategy, and improves child health, as indicated by a mid-upper arm circumference (MUAC). IBLI coverage increases expenditures on livestock health services, milk production, MUAC, and income per adult equivalent. Standardizing the estimated benefits by total program costs reveals that the two programs perform comparably, while from a marginal cost perspective the IBLI program has impacts per unit of expenditure at least an order of magnitude greater than HSNP.en_US
dc.formatPDFen_US
dc.languageenen_US
dc.publisherInternational Livestock Research Institute (ILRI)en_US
dc.rightsCC-BY-NC-4.0en_US
dc.subjectvalue chainen_US
dc.subjectindex-insuranceen_US
dc.titleIndex Insurance and Cash Transfers: A Comparative Analysis from Northern Kenyaen_US
dc.typeInternal Reporten_US
cg.creator.idJensen, Nathaniel: 0000-0002-2946-5771en_US
cg.creator.idMude, Andrew: 0000-0003-4903-6613en_US
cg.creator.ID-typeORCIDen_US
cg.creator.ID-typeORCIDen_US
cg.subject.agrovoclivestocken_US
cg.subject.agrovocmarketsen_US
cg.contributor.centerInternational Livestock Research Institute - ILRIen_US
cg.contributor.centerCornell University - CORNELLen_US
cg.contributor.crpCRP on Dryland Systems - DSen_US
cg.contributor.funderUnited States Agency for International Development - USAIDen_US
cg.contributor.funderEuropean Union, European Commission - EU-ECen_US
cg.contributor.funderAustralian Department of Foreign Affairs and Trade - DFAT(AusAID, ADRAS)en_US
cg.contributor.funderDepartment for International Development United Kingdom - DFIDen_US
cg.contributor.projectIndex-Based Livestock Insuranceen_US
cg.contributor.project-lead-instituteInternational Livestock Research Institute - ILRIen_US
cg.coverage.regionEastern Africaen_US
cg.coverage.countryKEen_US
cg.contactn.jensen@cgiar.orgen_US
dc.identifier.statusOpen accessen_US
mel.project.openhttp://ibli.ilri.orgen_US


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