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Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective …
Persistent link: https://www.econbiz.de/10012794648
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …
Persistent link: https://www.econbiz.de/10012482023
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10012458472
What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...
Persistent link: https://www.econbiz.de/10014576576
We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012465435
quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …
Persistent link: https://www.econbiz.de/10012460950
specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster … hurricane. The present value of this increase significantly exceeds that of direct disaster aid. This implies, among other …
Persistent link: https://www.econbiz.de/10012456403
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …
Persistent link: https://www.econbiz.de/10012585452
associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster …-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate …
Persistent link: https://www.econbiz.de/10014576608
application data from the U.S. Federal Disaster Loan program, which provides loans to households that have uninsured damages from … a federally-declared natural disaster, to a panel of credit records before and after the shock. We exploit a … following the disaster. We explore mechanisms using additional quasi-experimental variation in interest rates, finding support …
Persistent link: https://www.econbiz.de/10015056171