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Property Insurance and Disaster Risk : New Evidence from Mortgage Escrow Data
Keys, Benjamin J.; Mulder, Philip - National Bureau of Economic Research - 2024
-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate …
Persistent link: https://www.econbiz.de/10014576608
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How Are Insurance Markets Adapting to Climate Change? Risk Selection and Regulation in the Market for Homeowners Insurance
Boomhower, Judson; Fowlie, Meredith; Gellman, Jacob; … - National Bureau of Economic Research - 2024
aid recovery when disasters strike. To perform these functions efficiently, insurers need to access high quality … information about disaster risk and set prices that accurately reflect the costs of insuring this risk. We use proprietary data on …
Persistent link: https://www.econbiz.de/10014576654
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Disaster Management
Van Reenen, John; Norris Keiller, Agnes - National Bureau of Economic Research - 2024
Climate change is making natural disasters more frequent, yet little is known about the capacity of firms to withstand such disasters and adapt to their increased frequency. We examine this issue using a the latest wave of the World Management Survey (WMS) that includes new questions on firms'...
Persistent link: https://www.econbiz.de/10014576624
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Evolution of Risk Aversion over Five Years after a Major Natural Disaster
Ingwersen, Nicholas; Frankenberg, Elizabeth; Thomas, Duncan - National Bureau of Economic Research - 2023
The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk is examined, exploiting plausibly exogenous variation in exposure to the 2004 Indian Ocean tsunami in combination with rich population-representative longitudinal survey data...
Persistent link: https://www.econbiz.de/10014250120
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Natural Disasters and Municipal Bonds
Auh, Jun Kyung; Choi, Jaewon; Deryugina, Tatyana; Park, Tim - National Bureau of Economic Research - 2022
Climate change is increasing the frequency of natural disasters, which could make municipal bonds a riskier asset class. We study the effects of natural disasters on municipal bond returns, exploiting the repeat sales approach to overcome the challenge that municipal bonds trade extremely...
Persistent link: https://www.econbiz.de/10013334497
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Forest Fires : Why The Large Year-to-Year Variation in Forests Burned?
Apt, Jerome; Epple, Dennis N.; Sowell, Fallaw - National Bureau of Economic Research - 2023
Quantifying factors giving rise to temporal variation in forest fires is important for advancing scientific understanding and improving fire prevention. We demonstrate that eighty percent of the large year-to-year variation in forest area burned in California can be accounted for by variation in...
Persistent link: https://www.econbiz.de/10014372495
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After the Storm : How Emergency Liquidity Helps Small Businesses Following Natural Disasters
Collier, Benjamin L.; Howell, Sabrina T.; Rendell, Lea - National Bureau of Economic Research - 2024
Does emergency credit prevent long-term financial distress? We study the causal effects of government-provided recovery …
Persistent link: https://www.econbiz.de/10014528366
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Learning, Catastrophic Risk and Ambiguity in the Climate Change Era
Moore, Frances - National Bureau of Economic Research - 2024
distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the … knowledge that the climate could be changing, may arise abruptly, are additional to any direct costs or benefits from actual … York City, this paper illustrates how these ambiguity-related costs arise. Greater uncertainty over the current climate …
Persistent link: https://www.econbiz.de/10014635647
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Firm Adaptation to Climate Change
Grover, Arti - 2024
We survey the microeconomics literature that studies how firms in the developing world are adapting to extreme weather, local pollution, and natural disasters. Climate change increases the uncertainty that every firm must address as it decides where and how to produce and who to trade with. We...
Persistent link: https://www.econbiz.de/10015056174
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The Impact of a Government Risk Pool and an Opt-Out Framing on Demand for Earthquake Protection
Kunreuther, Howard; Conell-Price, Lynn; Kovacs, Paul; … - National Bureau of Economic Research - 2021
This paper describes the design and analysis of a web-based choice experiment that examines how the demand for 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...
Persistent link: https://www.econbiz.de/10012616592