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A General Rationale for a Governmental Role in the Relief of Large Risks
Shavell, Steven - 2014
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10013052679
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Structural Uncertainty and the Value of Statistical Life in the Economics of Catastrophic Climate Change
Weitzman, Martin - 2007
Using climate change as a prototype motivating example, this paper analyzes the implications of structural uncertainty for the economics of low-probability high-impact catastrophes. The paper shows that having an uncertain multiplicative parameter, which scales or amplifies exogenous shocks and...
Persistent link: https://www.econbiz.de/10012775805
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Aiding Decision-Making to Reduce the Impacts of Climate Change
Kunreuther, Howard - 2014
Utilizing theory and empirical insights from psychology and behavioral economics, this paper examines individuals' cognitive and motivational barriers to adopting climate change adaptation and mitigation measures that increase consumer welfare. We explore various strategies that take into...
Persistent link: https://www.econbiz.de/10013061114
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Mitigating Disaster Risks in the Age of Climate Change
Hong, Harrison G.; Wang, Neng; Yang, Jinqiang - 2022
Emissions control cannot address the consequences of global warming for weather disasters until decades later. We model regional-level mitigation or adaptation, which reduces disaster risks to capital in the interim. Mitigation depends on belief regarding the adverse consequences of global...
Persistent link: https://www.econbiz.de/10013311024
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Globalization, Labor Income, and Poverty in Mexico
Hanson, Gordon H. - 2014
In this paper, I examine changes in the distribution of labor income across regions of Mexico during the country …-exposure states by 10% and the incidence of wage poverty (the fraction of wage earners whose labor income would not sustain a family … of four at above-poverty consumption levels) in low-exposure states increased relative to high-exposure states by 7% …
Persistent link: https://www.econbiz.de/10013065640
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Targeting High School Scholarships to the Poor : The Impact of a Program in Mexico
De Hoyos, Rafael - 2019
This paper uses an RCT to estimate the impact of PROBEMS, a scholarship program in Mexico aimed at improving graduation …
Persistent link: https://www.econbiz.de/10012867442
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Retail Globalization and Household Welfare : Evidence from Mexico
Atkin, David - 2015
The arrival of global retail chains in developing countries is causing a radical transformation in the way that households source their consumption. This paper draws on a new collection of Mexican microdata to estimate the effect of foreign supermarket entry on household welfare. The richness of...
Persistent link: https://www.econbiz.de/10013022592
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Hope as Aspirations, Agency, and Pathways : Poverty Dynamics and Microfinance in Oaxaca, Mexico
Lybbert, Travis J. - 2016
experimental study based on a hope intervention in Oaxaca, Mexico among 601 indigenous women with access to microfinance loans. Our …
Persistent link: https://www.econbiz.de/10012982040
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Another Brick on the Wall : On the Effects of Non-Contributory Pensions on Material and Subjective Well Being
Bando, Rosangela; Galiani, Sebastian; Gertler, Paul J. - 2022
living in poverty. Households with a beneficiary increased their level of consumption by 44 percent. The program improved … (2020) and Galiani, Gertler and Bando (2016) in their studies on the non-contributory pension schemes in Peru and Mexico … Peru and Mexico and add to the construction of external validity …
Persistent link: https://www.econbiz.de/10014238418
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Current Account Deficits During Heightened Risk : Menacing or Mitigating?
Forbes, Kristin J. - 2016
Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It highlights the central importance of two...
Persistent link: https://www.econbiz.de/10012981097