Premium subsidies and selection in the federal crop insurance program

IF 3.4 2区经济学 Q1 AGRICULTURAL ECONOMICS & POLICY

Journal of Agricultural Economics Pub Date : 2023-06-07 DOI:10.1111/1477-9552.12555

Jisang Yu, Edward D. Perry

引用次数: 0

Abstract

Understanding how subsidies affect the selection of farms with different risk exposure into insurance products is key to evaluating the efficiency of government-supported insurance programs. We study the US crop insurance program, which is a major federally supported insurance program, to assess the impact of premium subsidies on the riskiness of the insured. By exploiting two waves of policy changes, we find that the average loss per insured liability falls as premium subsidies increase, which implies that crop producers with lower risk are more responsive to the price of insurance.

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联邦作物保险计划中的保费补贴和选择

要评估政府支持的保险计划的效率，关键是要了解补贴如何影响不同风险敞口的农场对保险产品的选择。我们研究了美国联邦政府支持的主要保险项目--农作物保险项目，以评估保费补贴对投保人风险程度的影响。通过利用两波政策变化，我们发现随着保费补贴的增加，每份保险责任的平均损失会下降，这意味着风险较低的农作物生产者对保险价格的反应更灵敏。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Agricultural Economics 管理科学-农业经济与政策

CiteScore

7.90

自引率

2.90%

发文量

审稿时长

>24 weeks

期刊介绍： Published on behalf of the Agricultural Economics Society, the Journal of Agricultural Economics is a leading international professional journal, providing a forum for research into agricultural economics and related disciplines such as statistics, marketing, business management, politics, history and sociology, and their application to issues in the agricultural, food, and related industries; rural communities, and the environment. Each issue of the JAE contains articles, notes and book reviews as well as information relating to the Agricultural Economics Society. Published 3 times a year, it is received by members and institutional subscribers in 69 countries. With contributions from leading international scholars, the JAE is a leading citation for agricultural economics and policy. Published articles either deal with new developments in research and methods of analysis, or apply existing methods and techniques to new problems and situations which are of general interest to the Journal’s international readership.