Showing 1 - 10 of 81
2010 earthquake in Chile and the 2011 earthquake in Japan. In both cases there was an immediate and persistent effect on … product availability. The number of goods available for sale fell 32% in Chile and 17% in Japan from the day of the disaster … Chile are consistent with pricing models where retailers have fear of "customer anger". In Japan, by contrast, the evidence …
Persistent link: https://www.econbiz.de/10012459188
earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan …. Homeowners in both provinces were given the opportunity to purchase protection against earthquake losses when presented with one … pool rather than the current private insurance plan increases the likelihood of purchasing earthquake protection by 151 …
Persistent link: https://www.econbiz.de/10012616592
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 … attractive migration destinations in the immediate aftermath of the earthquake, which permanently changed the spatial …
Persistent link: https://www.econbiz.de/10012479678
The Messina-Reggio Calabria Earthquake (1908) was the deadliest earthquake and arguably the most devastating natural … evidence that the earthquake had, on average, a large impact on emigration or its composition. There were, however …
Persistent link: https://www.econbiz.de/10012481361
This paper discusses the recent changes in the market for catastrophe risk. These risks have traditionally been distributed through the insurance and reinsurance systems. However, because insurance companies tend to share relatively small amounts of their cat exposures and because insurance...
Persistent link: https://www.econbiz.de/10012471496
This paper examines the market for catastrophe event risk -- i.e., financial claims that are linked to losses associated with natural hazards, such as hurricanes and earthquakes. This market is in transition as new approaches for transferring risk are being explored. The paper studies several...
Persistent link: https://www.econbiz.de/10012471497
The impacts of environmental change on human outcomes often depend on local exposures and behavioral responses that are challenging to observe with traditional administrative or sensor data. We show how data from private pollution sensors, cell phones, social media posts, and internet search...
Persistent link: https://www.econbiz.de/10012660058
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...
Persistent link: https://www.econbiz.de/10012585452
Farmers have higher rates of disability and illness than the general population and more volatile incomes due to frequent crop and livestock losses from extreme weather events. This raises concerns that sudden, weather-related drops in farm income could reduce access to health care for an...
Persistent link: https://www.econbiz.de/10013190992
Despite escalating disaster losses and predicted increases in weather-related catastrophes, takeup of protective technologies and behaviors appears limited by myopia, externalities, and other factors. One response to such frictions is to mandate adaptive investment. We measure the effect of...
Persistent link: https://www.econbiz.de/10012794648