drought, the most damaging natural disaster for crops and food-company cash flows. We show that prolonged drought in a country …, measured by the Palmer Drought Severity Index (PDSI) from climate studies, forecasts both declines in profitability ratios and … poor stock returns for food companies in that country. A portfolio short food stocks of countries in drought and long those …

In the context of recent California drought years, we investigate empirically whether consumers are willing to pay for … cents per gallon of water saved on average. Moreover, informing consumers about the drought severity increases the WTP for …

historians, but relatively little empirical work has been done. We push this literature forward by using modern drought indexes … relationship between these indexes and sensitive indicators of financial stress. The drought indexes were devised by climate …

Drought is Africa's primary natural disaster and a pervasive source of income risk for poor households. This paper … documents the long-run health effects of early life exposure to drought and investigates an important source of heterogeneity in … these effects. Combining birth cohort variation in South African Census data with cross-sectional and temporal drought …

that children and mothers report a lower likelihood of work in drought years, and children are more likely to attend school …

-arid regions where farming was vulnerable to drought. Farmers who migrated to the region had to adapt their crops, techniques, and … drought. In this paper, we examine why homestead failure occurred in the Great Plains, by analyzing two episodes in western … perceive drought. Homesteaders had neither an analytical framework nor sufficient data for predicting fluctuations in rainfall …

Drought is Africa's most prevalent natural disaster and is becoming an increasingly common source of income shocks … in health human capital. I use Census data to estimate the effects of early childhood exposure to drought on later …-random variation in local droughts experienced by different cohorts in different districts, I find that drought exposure in infancy …

environmental crises in North America in the 20th Century. Severe drought and wind erosion hit the Great Plains in 1930 and lasted …