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Evaluating the Economic Cost of Coastal Flooding
Desmet, Klaus - 2018
Sea-level rise and ensuing permanent coastal inundation will cause spatial shifts in population and economic activity over the next 200 years. Using a highly spatially disaggregated, dynamic model of the world economy that accounts for the dynamics of migration, trade, and innovation, this paper...
Persistent link: https://www.econbiz.de/10012912524
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Dust and Death : Evidence from the West African Harmattan
Adhvaryu, Achyuta - 2019
Using two decades of data from twelve low-income countries in West Africa, we show that dust carried by harmattan trade winds increases infant and child mortality. Health investments respond to dust exposure, consistent with compensating behaviors. Despite these efforts, surviving children still...
Persistent link: https://www.econbiz.de/10012868210
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Dust and Death : Evidence from the West African Harmattan
Adhvaryu, Achyuta - 2019
Using two decades of data from twelve low-income countries in West Africa, we show that dust carried by harmattan trade winds increases infant and child mortality. Health investments respond to dust exposure, consistent with compensating behaviors. Despite these efforts, surviving children still...
Persistent link: https://www.econbiz.de/10012868361
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Risk-Taking Behavior in the Wake of Natural Disasters
Cameron, Lisa A. - 2013
We investigate whether experiencing a natural disaster affects risk-taking behavior. We conduct standard risk games … flood or earthquake exhibit more risk aversion. Experiencing a natural disaster causes people to perceive that they now face … a greater risk of a future disaster. We conclude that this change in perception of background risk causes people to take …
Persistent link: https://www.econbiz.de/10013074295
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Rare Disasters, Financial Development, and Sovereign Debt
Rebelo, Sergio T. - 2018
We propose a model of sovereign debt where countries vary in their level of financial development, defined as the extent to which countries can hedge rare disasters in international capital markets. We show that low levels of financial development generate the “debt intolerance” phenomenon...
Persistent link: https://www.econbiz.de/10012911106
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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 affected cities experienced lower population...
Persistent link: https://www.econbiz.de/10012889054
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The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence from 6,700 Cyclones
Hsiang, Solomon - 2014
pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …
Persistent link: https://www.econbiz.de/10013049691
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Droughts, Floods and Financial Distress in the United States
Landon-Lane, John S. - 2013
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 …
Persistent link: https://www.econbiz.de/10013095252
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Weak States : Causes and Consequences of the Sicilian Mafia
Acemoglu, Daron - 2017
the Peasant Fasci is significantly affected by an exceptionally severe drought in 1893, and using information on rainfall …
Persistent link: https://www.econbiz.de/10012941171
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On the Pricing of Intermediated Risks : Theory and Application to Catastrophe Reinsurance
Froot, Kenneth - 2010
We model the equilibrium price and quantity of risk transfer between firms and financial intermediaries. Value-maximizing firms have downward sloping demands to cede risk, while intermediaries, who assume risk, provide less-than-fully-elastic supply. We show that equilibrium required returns...
Persistent link: https://www.econbiz.de/10013135141