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首页> 外文期刊>Journal of Development Economics >Paying in pieces: A natural experiment on demand for life insurance under different payment schemes
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Paying in pieces: A natural experiment on demand for life insurance under different payment schemes

机译：支付碎片：不同支付计划下的人寿保险需求天然实验

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摘要

Risk is pervasive in low-income economies, but insurance markets tend to be under-developed and demand for existing products is often low and poorly understood. Usually, customers must buy insurance by making a single lump-sum payment. We study a popular life insurance product sold by Mexico's leading microfinance institution. We exploit a large-scale natural experiment involving 200,000 poor female microcredit customers and show that demand increased by 59-74 percent when customers were allowed to pay in weekly installments instead of in a lump sum, even though doing so was more costly for them. The finding is not explained by price or income, which do not change. We describe the possible roles of liquidity constraints and other explanations, and relate the result to discussions of demand for microinsurance and other products, including merit goods, in similar contexts.
机译：低收入经济体的风险是普遍存在的，但保险市场往往会发达不发达，对现有产品的需求往往很低，理解差。 通常，客户必须通过单一的一笔付款来购买保险。 我们研究了墨西哥领先的小额信贷机构销售的流行人寿保险产品。 我们利用涉及200,000个贫困的女性小额信贷客户的大型自然实验，并在每周分期付款中代替一笔款项支付时，需求增加了59-74％，而不是在一次性的总和中。 该发现不会被价格或收入解释，不会改变。 我们描述了流动性限制和其他解释的可能作用，并将结果与微量训练和其他产品的需求讨论相关，如类似的背景。

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