Showing 1 - 10 of 232
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
We examine businesses' financial management of a rare, severe event using detailed firm-level data collected following Hurricane Sandy in the New York area. Credit played a prominent role in financing recovery; more negatively affected firms took on debt because of Sandy (38%) than received...
Persistent link: https://www.econbiz.de/10012983420
regional-level mitigation or adaptation, which reduces disaster risks to capital in the interim. Mitigation depends on belief … regarding the adverse consequences of global warming. Pessimism jumps with a disaster and slowly reverts in the absence of … major tropical cyclones, using GDP growth damages, government flood-control budgets, and climate-model projections of …
Persistent link: https://www.econbiz.de/10013311024
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
quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …
Persistent link: https://www.econbiz.de/10013113102
specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster … hurricane. The present value of this increase significantly exceeds that of direct disaster aid. This implies, among other …
Persistent link: https://www.econbiz.de/10012991681
We examine risk preferences using the flood insurance decisions of over 100,000 households. In each contract …
Persistent link: https://www.econbiz.de/10012951852
This paper provides the first, comprehensive evidence on the question of whether the subsidized flood insurance rates … are needed to meet the affordability goal of the National Flood Insurance Program. We use IRS records at the zip code … level from 2009 to 2016 to compare the real median incomes of homeowners in areas subject to flooding risks to those …
Persistent link: https://www.econbiz.de/10012891785
The United States Gulf Region features areas that face significant flood risk. Climate change may further elevate this … challenges, the Federal government has enacted a complex set of policies through its National Flood Insurance Program (NFIP). The … highest risk of flooding relative to nearby areas. Our findings imply reduced rates for high risk areas cannot be justified …
Persistent link: https://www.econbiz.de/10012940810
Using a unique dataset of insurance decisions by over 1,800 large U.S. corporations, this study provides the first empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We combine demand and supply data and apply a...
Persistent link: https://www.econbiz.de/10013120307