also the case for houses that were not damaged but face high risk of coastal flooding. Our results suggest that Sandy has … increased the perceived risk of living in those neighborhoods. We also show that the negative effects on housing prices appear …

characterize the flood risk level for each property. First, we compare trends in housing values and sales activity among properties … within the same city. Despite the heightened flood risk in the last two decades, we did not find evidence of divergent trends …, suggesting that flood insurance may have cushioned the effects of the increase in flood risk. Secondly, we analyze the effects of …

centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …

exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …