Boustan, Leah Platt; Kahn, Matthew E.; Rhode, Paul W. - In: American Economic Review 102 (2012) 3, pp. 238-44
Areas differ in their propensity to experience natural disasters. Exposure to disaster risks can be reduced either through migration (i.e., self-protection) or through public infrastructure investment (e.g., building seawalls). Using migration data from the 1920s and 1930s, this paper studies...