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Hurricane Katrina Floods New Jersey : The Role of Information in the Market Response to Flood Risk
Muller, Nicholas Z. - 2019
treatments respond to flood risk. We identify reactions to flood risk, distinctly from price effects due to flood damage, by … seaboard. We find that homes in high flood risk zones situated in towns that participate in public flood awareness activities …
Persistent link: https://www.econbiz.de/10012479933
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Hurricanes, Climate Change Policies and Electoral Accountability
Gagliarducci, Stefano - 2019
on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts … the disaster. The response to hurricanes does not seem to be driven by logrolling behavior or lobbysts' pressure. The …
Persistent link: https://www.econbiz.de/10012479784
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Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics : Going Under Water?
Bakkensen, Laura A. - 2017
flood risk beliefs. The model incorporates a Bayesian learning mechanism allowing agents to update their beliefs depending … on whether flood events occur. Second, to quantify these elements, we implement a door-to-door survey campaign in Rhode … Island. The results confirm significant heterogeneity in flood risk beliefs, and that selection into coastal homes is driven …
Persistent link: https://www.econbiz.de/10012453857
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Climate Change Uncertainty Spillover in the Macroeconomy
Barnett, Michael; Brock, William A.; Hansen, Lars Peter - National Bureau of Economic Research - 2021
The design and conduct of climate change policy necessarily confronts uncertainty along multiple fronts. We explore the consequences of ambiguity over various sources and configurations of models that impact how economic opportunities could be damaged in the future. We appeal to decision theory...
Persistent link: https://www.econbiz.de/10012599354
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Evolution of Risk Aversion over Five Years after a Major Natural Disaster
Ingwersen, Nicholas; Frankenberg, Elizabeth; Thomas, Duncan - National Bureau of Economic Research - 2023
The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk … assume greater financial risk in the short-term while rebuilding their lives after the disaster …
Persistent link: https://www.econbiz.de/10014250120
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When The Saints Come Marching In : Effects of Hurricanes Katrina and Rita on Student Evacuees
Sacerdote, Bruce - 2008
following the hurricane. However, by the second and third years after the disaster, Katrina evacuees displaced from Orleans …
Persistent link: https://www.econbiz.de/10012464262
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Unhappiness after Hurricane Katrina
Kimball, Miles - 2006
In August, September and October of 2005, the Monthly Surveys of Consumers fielded by the University of Michigan included questions about the happiness of a nationally representative sample of U.S. adults. The date of each interview is known. Looking at the data week by week, reported happiness...
Persistent link: https://www.econbiz.de/10012466607
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Minimax-Regret Climate Policy with Deep Uncertainty in Climate Modeling and Intergenerational Discounting
DeCanio, Stephen J.; Manski, Charles F.; Sanstad, Alan H. - National Bureau of Economic Research - 2022
Integrated assessment models have become the primary tools for comparing climate policies that seek to reduce greenhouse gas emissions. Policy comparisons have often been performed by considering a planner who seeks to make optimal trade-offs between the costs of carbon abatement and the...
Persistent link: https://www.econbiz.de/10012938685
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Investor Rewards to Climate Responsibility : Evidence from the 2016 Climate Policy Shock
Ramelli, Stefano; Wagner, Alexander F.; Zeckhauser, Richard - 2019 - Revised July 2019
Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...
Persistent link: https://www.econbiz.de/10012480961
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What We Know and Don't Know about Climate Change, and Implications for Policy
Pindyck, Robert S. - 2020
There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...
Persistent link: https://www.econbiz.de/10012481498