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Natural catastrophes attract regularly the attention of media and have become a source of public concern. From a financial viewpoint, natural catastrophes represent idiosyncratic risks,diversifiable at the world level. But for reasons analyzed in this pap er reinsurance markets are unable to...
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Most of the literature on the economics of catastrophes assumes that such events cause a reduction in the stream of consumption, as opposed to widespread fatalities. Here we show how to incorporate death in a model of catastrophe avoidance, and how a catastrophic loss of life can be expressed as...
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. For Guatemala, we find no robust statistically significant effects on these types of disasters. However, in Costa Rica, we …
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Data shows that there has been a five-fold increase in the number of climate-related disasters that the world has … witnessed over the last fifty years. Just between 2000 and 2019, 7,348 reported disasters caused 1.23 million deaths, affecting … quick-onset disasters such as floods, typhoons, and cyclones have resulted in more damages and loss of lives in the past two …
Persistent link: https://www.econbiz.de/10014531285
This paper uses a regression discontinuity design to study the impacts of a noncontributory pension program covering one-third of Bolivian households during the COVID-19 pandemic. Although the program was not designed to provide emergency assistance, it took on additional importance during the...
Persistent link: https://www.econbiz.de/10012587550
important pathway to be explored is the role that building resilience can play in preventing and/or breaking the negative … relationship between climate change and violent activity. In this context, resilience refers to the capacity of a system to come … technological dimensions. In our paper we provide empirical evidence on the role played by resilience-building investments in …
Persistent link: https://www.econbiz.de/10012814563
As the severity and frequency of natural disasters become more pronounced with climate change and the increased … habitation of at-risk areas, it is important to understand people's resilience to them. We quantify resilience by estimating how … natural disasters in the US impacted individual wellbeing in a sample of 2.2 million observations, and whether the effect …
Persistent link: https://www.econbiz.de/10012500810
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