Showing 1 - 10 of 247
damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to … mitigate the damage adequately, or whether the damage from the earthquake, and the associated insurance payments, led to a … data sets: All housing market transactions, all earthquake insurance claims submitted to the public insurer, and all of the …
Persistent link: https://www.econbiz.de/10012822499
We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...
Persistent link: https://www.econbiz.de/10012832077
We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We argue that existing studies on the impact of natural disasters on economic development have several important limitations, both at the level of the outcome variable – usually...
Persistent link: https://www.econbiz.de/10012892078
We investigate the fiscal impacts of earthquakes in Japan. In contrast with earlier papers from elsewhere which examine …
Persistent link: https://www.econbiz.de/10013228345
done on a panel of 103 countries over the period 1979–2016. We find that in the five years following a large earthquake (i …) countries exposed accumulate reserves, for precautionary reasons, (ii) trade openness is positively associated with the post-earthquake …/or inflation targeting regimes, and (iv) the patterns of reserves holding post-earthquake vary with a country’s income level …
Persistent link: https://www.econbiz.de/10013315174
We assess the impact of the 2010 Haiti earthquake on children’s nutrition and education. We combine geo-coded shaking … intensity data with four waves of the Haiti Demographic Health Survey, two administered before and two after the earthquake. We … find lasting negative impacts of the earthquake on children’s stunting and wasting as well as on school enrolment and …
Persistent link: https://www.econbiz.de/10014347786
to 2020 for 31 provinces and 429 counties to study the impact of the 2003 Bam earthquake in the Iranian Kerman Province … statistically significant boost in economic activity in the years following the earthquake. This increase in local economic activity … this period, the cultural importance of Bam, the severity of the earthquake, and the media attention. Additionally …
Persistent link: https://www.econbiz.de/10014347828
Changes in product characteristics on the extensive margin are an important and hitherto neglected dimension of quality change. Standard techniques for quality-adjusting price indices cannot handle such changes satisfactorily, which leads to an economically and statistically significant bias in...
Persistent link: https://www.econbiz.de/10012891565
We analytically characterize optimal monetary policy for an augmented New Keynesian model with a housing sector. With rational private sector expectations about housing prices and inflation, optimal monetary policy can be characterized by a standard 'target criterion' that refers to inflation...
Persistent link: https://www.econbiz.de/10012840227
In the past fifty years, a voluminous literature estimating the value of schools through capitalization in home prices has emerged. Prior research has identified capitalized value using various approaches including discontinuities caused by boundaries. We use changes in school boundaries and the...
Persistent link: https://www.econbiz.de/10012842382