July 22, 2013
Take-up of formal microinsurance products remain low around the world, typically ranging from 0 to 30-40 percent depending on the type of product and the conditions of the offer. A growing literature is testing various determinants of take-up, although little has been done to step back and consider what we have learned as a whole.
That’s a problem because the issues are complicated and multi-layered. There’s a high probability of being misled by any particular finding from the research when designing new products.
July 19, 2013
This week’s New and Noteworthy highlights trends in international remittances, the potential of social stock exchanges, and insights into the financial lives of Delhi’s rickshaw pullers.
The literature on microinsurance is growing. A series of studies have been published in recent years that look at determinants of (generally low) take-up of microinsurance products, particularly index insurance products. Some work is also being done looking at the impact of offering insurance to farmers.
July 12, 2013
We have a special bonus edition of New & Noteworthy this week with a new report on the stats of global financial inclusion, various perspectives on the challenges of mobile money adoption, and an ongoing debate on a possible repayment crisis in Tamil Nadu.
July 8, 2013
This week’s New & Noteworthy covers two weeks due to the July 4th holiday in the US. The list is long and includes: some great visualizations of how the world’s population will grow in the future and what it currently eats in the present; lots of new information about the evolution and future of microinsurance; a new paper on the long-term impact of savings subsidies and intra-household bargaining; financial inclusion and the development agenda; and research on the downside of electronic payments.
July 4, 2013
The American Economic Association (AEA) recently released the Papers and Proceedings issue of its journal American Economic Review, which presents selected papers from the AEA's annual meeting. The AER is one of the premier economics journals and has very broad coverage. For instance, you can learn everything you never knew you wanted to know about income and church attendance in nineteenth century Prussia.
June 26, 2013
There's a new piece in Foreign Policy magazine which takes a tough look at Jeff Sachs and the Millenium Villages Project--not in regard to results or interventions, but in regard to evaluation. The project was always pitched as a demonstration of a "different" approach to ending poverty that could provide a blueprint for addressing poverty globally.
In 2011, microfinance providers reached fewer total people than they did in 2010, as well as fewer people living in extreme poverty, according to the 2013 State of the Campaign Report, which is released annually by the Microcredit Summit Campaign. Entitled “Vulnerability,” the report presents some stark findings. This is the first time the number of microfinance clients has decreased since the Campaign began its conducting research on the industry in 1998.
June 21, 2013
This week, experts in the field explore the pros and cons of mobile money, the relationship between migration and microfinance, and new strategies to social investment.