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Rural Households’ Livelihood Capital, Risk Perception, and Willingness to Purchase Earthquake Disaster Insurance: Evidence from Southwestern China
- Source :
- International Journal of Environmental Research and Public Health, International Journal of Environmental Research and Public Health, Vol 15, Iss 7, p 1319 (2018), Volume 15, Issue 7
- Publication Year :
- 2018
- Publisher :
- MDPI, 2018.
-
Abstract
- Earthquake disaster insurance can effectively reduce the impact of earthquake disasters on rural households. Exploring rural households&rsquo<br />willingness to purchase earthquake disaster insurance in earthquake disaster areas provides an understanding of the motivations underlying the implementation of an insurance policy. However, few studies have examined the perspectives of rural households, in order to explore the correlations between the rural households&rsquo<br />livelihood capital, their disaster risk perception, and their willingness to purchase earthquake disaster insurance. A cross-sectional survey data including 241 rural households from the most severe disaster counties (cities) during the 5 &bull<br />12 Wenchuan earthquake was examined with regard to rural households&rsquo<br />livelihood and disaster risk perception, and ordinal logistic regression models were constructed to explore rural households&rsquo<br />willingness to purchase earthquake disaster insurance, as well as the driving mechanism behind this willingness. The results showed that 34.44% of rural households were very willing to purchase earthquake disaster insurance, and 7.05% of rural households were very reluctant to purchase earthquake insurance. Rural households&rsquo<br />livelihood capital and risk perceptions were the most important factors affecting their willingness to purchase earthquake disaster insurance. Rural households with higher scores on natural capital, physical capital, possibility, and worry were more likely to purchase earthquake disaster insurance. Specifically, keeping all other variables constant, every one unit increase in nature capital and physical capital corresponded to an increase in the odds of willingness to purchase earthquake disaster insurance by a factor of 0.14 and 0.06, respectively<br />every one unit increase in possibility and worry corresponded to an increase in the odds of willingness to purchase earthquake disaster insurance by a factor of 0.03 and 0.04, respectively. This study contributes to the current literature by increasing the understanding of the relationships between Chinese rural households&rsquo<br />livelihood capital and risk perceptions, and their willingness to purchase earthquake disaster insurance.
- Subjects :
- Adult
Male
Rural Population
China
Health, Toxicology and Mutagenesis
0211 other engineering and technologies
lcsh:Medicine
02 engineering and technology
010501 environmental sciences
01 natural sciences
Article
Earthquake insurance
livelihood capital
Disasters
Insurance
Physical capital
Risk-Taking
risk perception
Insurance policy
Earthquakes
Humans
Socioeconomics
0105 earth and related environmental sciences
disaster insurance
021110 strategic, defence & security studies
Family Characteristics
lcsh:R
Public Health, Environmental and Occupational Health
Consumer Behavior
Middle Aged
Livelihood
Risk perception
Cross-Sectional Studies
Logistic Models
Wenchuan earthquake
Capital (economics)
Income
Survey data collection
Female
Perception
Natural capital
Business
willingness
Subjects
Details
- Language :
- English
- ISSN :
- 16604601 and 16617827
- Volume :
- 15
- Issue :
- 7
- Database :
- OpenAIRE
- Journal :
- International Journal of Environmental Research and Public Health
- Accession number :
- edsair.doi.dedup.....e1f86ca5cd0243b0e0dfeae107683858