In this paper we investigate the long-run relationship between disasters and societal trust. A growing body research suggests that factors such as income inequality, ethnic fractionalization, and religious heritage are important determinants of social capital in general, and trust in particular....

Over the last two decades, New Zealand experienced a threefold increase in housing prices. The largest surge in prices in recent years occurred between 1998 and 2007, a period of housing price growth in many developed economies. Since 2007, housing price growth remained flat until 2011, and then...

This study replicates the empirical findings of Toya and Skidmore (2007), hereinaf¬ter “TS”, and performs a variety of robustness checks. We are able to exactly replicate the find¬ings reported by TS. Our robustness checks consist of two parts. Firstly, we update TS’s orig¬in¬al data...