This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so-called 'charity hazard' - in a context of different institutional schemes of governmental relief in Austria and Germany. We test empirically whether an assured partial relief scheme (as...

Recently, there is a growing interest in understanding how individuals adapt to changing climate conditions and climate-induced extreme weather events, An underexplored question is whether and how climate-related natural hazards affect household saving behavior, For this purpose, we exploit a...