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Survival of Firms During Economic Crisis

Bosio, Erica - 2020

This paper estimates the survival time of nearly 7,000 firms in a dozen high-income and middle-income countries in a scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no incoming revenues and cover only fixed costs, the median...

Persistent link: https://www.econbiz.de/10012834267

When Face-to-Face Interactions Become an Occupational Hazard : Jobs in the Time of COVID-19

Avdiu, Besart - 2020

outbreak. So, which parts of the economy are most in the line of fire? Looking at jobs that can be done at home or that require …

Persistent link: https://www.econbiz.de/10012834208

Bank Runs and Moral Hazard : A Review of Deposit Insurance

Anginer, Deniz - 2018

Deposit insurance is a widely adopted policy to promote financial stability in the banking sector. Deposit insurance helps ensure depositors' confidence in the financial system and prevents contagious bank runs, but it also comes with an unintended consequence of encouraging banks to take on...

Persistent link: https://www.econbiz.de/10012910896

The Conceptual Foundations of Macroprudential Policy : A Roadmap

de la Torre, Augusto - 2017

This paper explores post-Lehman macroprudential regulation by interacting two types of market failures (principal-agent and collective action) with two cognition modes (unconstrained and constrained) in the context of aggregate risk. Four paradigms with orthogonal policy justifications are...

Persistent link: https://www.econbiz.de/10012974081

Incentivizing School Attendance in the Presence of Parent-Child Information Frictions

De Walque, Damien - 2018

Education conditional cash transfer programs may increase school attendance in part due to the information they transmit to parents about their child's attendance. This paper presents experimental evidence that the information content of an education conditional cash transfer program, when given...

Persistent link: https://www.econbiz.de/10012912350

Housing Matters

Hammam, Sonia - 2017

Housing matters to the livability of cities and to the productivity of their economies. The failure of cities to accommodate the housing needs of growing urban populations can be seen in the proliferation of poorly serviced, high-density informal settlements. Such settlements are not new in the...

Persistent link: https://www.econbiz.de/10012973205

Extreme Weather and Poverty Risk : Evidence from Multiple Shocks in Mozambique

Baez, Javier Eduardo - 2018

This paper investigates the effects of multiple weather shocks on household welfare in Mozambique, as well as some of the coping responses and price mechanisms at play. The analysis employs a triple-difference strategy that exploits variation in the shocks across space, time, and cropping...

Persistent link: https://www.econbiz.de/10012906910

Catastrophic Medical Expenditures : Reflections on Three Issues

Wagstaff, Adam - 2018

There is a large empirical literature analyzing' catastrophic' medical expenses. The' basic' approach defines expenses as catastrophic if they exceed a prespecified percentage of total consumption or income; the approach, in effect, tells us whether expenses cause a large percentage reduction in...

Persistent link: https://www.econbiz.de/10012907423

Mangroves for Coastal Protection : Evidence from Hurricanes in Central America

del Valle, Alejandro - 2019

This paper evaluates whether mangroves can mitigate the impact of hurricanes on economic activity. The paper assembles a new, regionwide panel data set that measures local economic activity using nightlights, potential hurricane damages using a detailed hurricane windstorm model, and mangrove...

Persistent link: https://www.econbiz.de/10012889836

Are Losses from Natural Disasters More than Just Asset Losses? The Role of Capital Aggregation, Sector Interactions, and Investment Behaviors

Hallegatte, S. - 2018

The welfare impact of a natural disaster depends on its effect on consumption, not only on the direct asset losses and … human losses that are usually estimated and reported after disasters. This paper proposes a framework to assess disaster … after a disaster destroys part of the capital stock are better estimated by using the average?not the marginal …

Persistent link: https://www.econbiz.de/10012935237