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We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012759998
of living elsewhere. When a natural disaster or other exogenous shock forces individuals to move, the net impact on …, including unemployment and growth rates. The impact of evacuation on total income was blunted to some extent by government …
Persistent link: https://www.econbiz.de/10012760194
children in the disaster are significantly more likely to bear additional children after the tsunami. This response explains …
Persistent link: https://www.econbiz.de/10013047782
-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …,187 homeowners, half of whom are in the Netherlands, where flood insurance penetration rates are low and recent flooding caused minor …
Persistent link: https://www.econbiz.de/10013291783
on flood risk capitalization into housing prices. Second, we implement a field survey in Rhode Island. We find … significant heterogeneity and sorting based on flood risk perceptions and amenity values. Third, we calibrate the model and …
Persistent link: https://www.econbiz.de/10012947022
Several recent studies suggest that the response of national saving to fiscal policy may be non-linear. In this paper we use two data sets to search for the circumstances in which such non-linear responses may arise: a sample of OECD countries used in previous studies, and sample of developing...
Persistent link: https://www.econbiz.de/10013227034
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for … developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on … growth in these economies, as implicitly assumed in the benchmark neoclassical framework. We explore emerging new theories on …
Persistent link: https://www.econbiz.de/10012771719
How likely is a catastrophic event that would substantially reduce the capital stock, GDP and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium...
Persistent link: https://www.econbiz.de/10013150842
impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012837186
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 affected cities experienced lower population...
Persistent link: https://www.econbiz.de/10012889054