The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk … to take on risk relative to those not directly exposed to the tsunami. These differences are short-lived: starting a year … later, there is no evidence of differences in willingness to take on risk between the two groups. These conclusions hold for …

Climate change increases weather variability, exacerbating agricultural risk in poor countries. Risk-averse farmers are …

In the face of rising climate risk, financial institutions may adapt by transferring such risk to securitizers that … to climate risk may be a drop in the ocean of cash flows. This paper builds a data set of the entire securitization chain … optimal deals by finding the portfolio weights in an asset demand system that targets return and risk. Extrapolating wildfire …

associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance … prices as a natural experiment, we show that the increase in the risk-to-premium gradient was largely caused by the pass …

We exploit regional variations in exposure to heat stress to study if physical climate risk is priced in municipal and …

distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …