Economic Development, Poverty Dynamics, Risk and Uncertainty, Insurance in Developing Countries
My research interests ultimately stem from a desire to inform and influence policies that can positively impact the global poor. In my doctoral dissertation, Insuring Against a Poverty Trap, I sought to understand how poor households will react to the introduction of an insurance contract designed to help them cope with risk. This research is timely, since microinsurance has become increasingly popular in the development community as a risk management and poverty reduction tool. My research focuses largely on microinsurance in the presence of a structural poverty trap, and I consider both ex ante and ex post behavioral changes that arise when insurance is introduced. The dissertation includes both a theoretical and empirical component.
Janzen, Sarah A., and Michael R. Carter, (2013). “After the Drought: The Impact of Microinsurance on Consumption Smoothing and Asset Protection,” NBER Working Paper No. 19702.
Janzen, Sarah A., Michael R. Carter and Munenobu Ikegami, “Valuing Asset Insurance in the Presence of Poverty Traps.”
Carter, Michael R. and Sarah A. Janzen (2012). “Coping with Drought: Assessing the Impact of Livestock Insurance
in Kenya,” I4 Index Insurance Innovation Initiative Brief 2012-01.