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How the 1906 San Francisco Earthquake Shaped Economic Activity in the American West

Ager, Philipp - 2019

This paper examines the long-run effects of the 1906 San Francisco Earthquake on the spatial distribution of economic … activity in the American West. Using variation in the potential damage intensity of the earthquake, we show that more severely … attractive migration destinations in the immediate aftermath of the earthquake, which permanently changed the spatial …

Persistent link: https://www.econbiz.de/10012479678

Real Shock, Monetary Aftershock : The San Francisco Earthquake and the Panic of 1907

Odell, Kerry A. - 2002

effects of the 1906 San Francisco earthquake, a shock that immediately reduced United States. GNP by 1.5-1.8 percentage points … the Federal Reserve. In this study, we identify the San Francisco earthquake as the shock that triggered the chain of …

Persistent link: https://www.econbiz.de/10012469534

Natural Experiments in Macroeconomics

Fuchs-Schuendeln, Nicola - 2015

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...

Persistent link: https://www.econbiz.de/10012457439

Revenge of the Experts : Will Covid-19 Renew or Diminish Public Trust in Science?

ⓡ, Barry Eichengreen - 2020

It is sometimes said that an effect of the COVID-19 pandemic will be heightened appreciation of the importance of scientific research and expertise. We test this hypothesis by examining how exposure to previous epidemics affected trust in science and scientists. Building on the "impressionable...

Persistent link: https://www.econbiz.de/10012482331

Corporate Resilience to Banking Crises : The Roles of Trust and Trade Credit

Levine, Ross - 2016

Are firms more resilient to systemic banking crises in economies with higher levels of social trust? Using firm-level data in 34 countries from 1990 through 2011, we find that liquidity-dependent firms in high-trust countries obtain more trade credit and suffer smaller drops in profits and...

Persistent link: https://www.econbiz.de/10012456522

Financial Crisis in a Socialist Setting : Impact on Political Behavior, Social Trust, and Economic Values

Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - National Bureau of Economic Research - 2023

Research on the political and social impacts of financial crises has focused chiefly on free market economies, hindering our understanding of their effects in other settings. We exploit an episode of a financial crisis that hit the Israeli kibbutzim to study its impact in a socialist context....

Persistent link: https://www.econbiz.de/10014226115

Financial crisis in a socialist setting : impact on political behavior, social trust, and economic values

Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - 2023

Persistent link: https://www.econbiz.de/10014246463

Health Care Expenditure and Farm Income Loss : Evidence from Natural Disasters

Chang, Hung-hao; Meyerhoefer, Chad D. - National Bureau of Economic Research - 2022

Farmers have higher rates of disability and illness than the general population and more volatile incomes due to frequent crop and livestock losses from extreme weather events. This raises concerns that sudden, weather-related drops in farm income could reduce access to health care for an...

Persistent link: https://www.econbiz.de/10013190992

Mortgage Finance in the Face of Rising Climate Risk

Ouazad, Amine - 2019

Recent evidence suggests an increasing risk of natural disasters of the magnitude of hurricane Katrina and Sandy. Concurrently, the number and volume of flood insurance policies has been declining since 2008. Hence, households who have purchased a house in coastal areas may be at increasing risk...

Persistent link: https://www.econbiz.de/10012480267

The Economic Impact of Migrants from Hurricane Maria

Peri, Giovanni - 2020

We examine the economic impact of the large migration of Puerto Ricans to Orlando after Hurricane Maria. Using a synthetic control approach, we find that employment in Orlando increased, especially in construction and retail, and find positive aggregate labor market effects for non-Hispanic and...

Persistent link: https://www.econbiz.de/10012481266