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We survey the microeconomics literature that studies how firms in the developing world are adapting to extreme weather …
Persistent link: https://www.econbiz.de/10015056174
Key methodologies used for managing weather risks have relied on the assumption that climate is not changing and that … the historic weather record is therefore representative of current risks. Anthropogenic climate change upends this … distribution, with associated costs for weather risk management and risk-averse decision-makers. These costs result purely from the …
Persistent link: https://www.econbiz.de/10014635647
an unusual weather pattern depend crucially on actuarial models for determining event (e.g., default) probabilities. In …
Persistent link: https://www.econbiz.de/10012470623
We examine the economic impact of the large migration of Puerto Ricans to Orlando after Hurricane Maria. Using a …
Persistent link: https://www.econbiz.de/10012481266
the disaster through migration. Nonetheless, relative to the effects of ordinary shocks, such as a recession in the … disaster-driven migration and on the Age of Mass Migration … disaster in modern European history. It occurred when overseas mass emigration from southern Italy was at its peak and …
Persistent link: https://www.econbiz.de/10012481361
previous Latin American immigrants falls when controlling for out-migration. This highlights the importance of controlling for … out-migration not only of natives but also of previous immigrants in regional studies of immigration …
Persistent link: https://www.econbiz.de/10012464354
on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts … the disaster. The response to hurricanes does not seem to be driven by logrolling behavior or lobbysts' pressure. The …
Persistent link: https://www.econbiz.de/10012479784
after a natural disaster that caused more than a billion dollar in damages. Results suggest a substantial increase in … securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a … disaster is "new news", i.e. does not have a long history of hurricanes. Conforming loans are riskier in dimensions not …
Persistent link: https://www.econbiz.de/10012480267
dynamics of migration, trade, and innovation, this paper estimates the consequences of probabilistic projections of local sea … particularly hard hit. When ignoring the dynamic economic adaptation of investment and migration to flooding, the loss in real GDP …
Persistent link: https://www.econbiz.de/10012480573
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …
Persistent link: https://www.econbiz.de/10012482023