|DOWNLOAD FILE IN:|
Monetary price subsidies are often used to increase take-up of health products, but monetary prices may screen out those with the highest returns, the poor. Using willingness to pay (WTP) data from a field experiment in India, this paper determines whether nonmonetary prices better target health products to the poor than monetary prices. It is found that monetary WTP is increasing in income and nonmonetary WTP is weakly decreasing in income. Comparing across price types, nonmonetary WTP falls relative to monetary WTP as income rises. Nonmonetary prices better target the poor than monetary prices (a larger fraction of total demand is poor).
There is growing evidence that individual responses to public policies are, to a large extent, mediated by the way the policies are framed, by people’s cognitive and computational capabilities, and by people’s subjective beliefs. For example, people may react to price changes but not to complicated schemes that rely on people’s computational abilities. Similarly, people may react better to simple ... (View publication)
This paper uses willingness to pay (WTP) data from a field experiment in Hyderabad, India in 2013 to determine whether non-monetary prices better target health products to the poor than monetary prices. Monetary WTP is increasing in income and non-monetary WTP is weakly decreasing in income. Household fixed effects in a pooled sample of monetary WTP and non-monetary WTP are used to compare th ... (View publication)
This technical note examines demand-side constraints households in Latin America and the Caribbean face when making saving decisions, particularly households from lower income deciles. This emphasis is important because poverty can impact individuals’ ability to process information, manage their time efficiently, or resist temptation, thus limiting their ability to make sound financial choice ... (View publication)
Hello, Welcome to the IDB!
Please join our mailing list by simply entering your email below.
Show inline popup 1
Show inline popup 2
Show inline popup 3
Show inline popup 4