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pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …
Persistent link: https://www.econbiz.de/10012458315
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
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …
Persistent link: https://www.econbiz.de/10012585452
This paper describes the design and analysis of a web-based choice experiment that examines how the demand for earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan. Homeowners in both provinces were given the opportunity...
Persistent link: https://www.econbiz.de/10012616592
Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective …
Persistent link: https://www.econbiz.de/10012794648
disaster in modern European history. It occurred when overseas mass emigration from southern Italy was at its peak and … international borders were open, making emigration a widespread phenomenon and a readily available option for disaster relief. We … the disaster through migration. Nonetheless, relative to the effects of ordinary shocks, such as a recession in the …
Persistent link: https://www.econbiz.de/10012481361
impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012481943
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
Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their...
Persistent link: https://www.econbiz.de/10013388808
a daunting array of challenges. At the population level, questions of how the disaster affected children's and parents … Recovery (STAR) to examine how disaster exposure affects educational aspirations and eventual attainment. We find that damage … important determinants of whether children complete high school and go on to tertiary schooling than disaster exposure. While …
Persistent link: https://www.econbiz.de/10014635665