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Risky human capital investment, income distribution, and macroeconomic dynamics

Grossmann, Volker - 2003

uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

Persistent link: https://www.econbiz.de/10010261651

Growth at Risk from Natural Disasters

Bayoumi, Tamim; Quayyum, Saad; Das, Sibabrata - 2022

The paper analyzes the impact of natural disasters on per-capita GDP growth. Using a quantile regressions and growth …-at-risk approach, the paper examines the impact of disasters and policy choices on the distribution of growth rather than simply its … probability of witnessing a significant drop in growth as a consequence of a natural disaster, but our innovative methodology in …

Persistent link: https://www.econbiz.de/10013306749

Natural disaster risk and the distributional dynamics of damages

Coronese, Matteo; Lamperti, Francesco; Chiaromonte, … - 2018

Literature on climate change and extreme events has found conflicting and often weak results on the evolution of economic damages related to natural disasters, although climate change is likely to bring about an increase in their magnitude (Van Aalst, 2006; IPCC, 2007, 2012). These studies usually...

Persistent link: https://www.econbiz.de/10011894267

On welfare frameworks and catastrophic climate risks

Millner, Antony - 2013

Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...

Persistent link: https://www.econbiz.de/10010199723

Climate risk and beliefs in New York floodplains

Gibson, Matthew; Mullins, Jamie T. - 2020

Applying a difference-in-differences framework to a census of residential property transactions in New York City 2003-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which increased premiums; 2) Hurricane Sandy; and 3) new...

Persistent link: https://www.econbiz.de/10012257846

Estimating and mapping natural hazards and risk reduction provided by coastal ecosystems

Arkema, Katie; Bailey, Allison; Cerón, Valeria Chávez; … - 2023

We present two case studies in which coastal vulnerability modeling was used to quantify the role those coastal ecosystems play in reducing risk to coastal communities now and with future sealevel rise. These analyses were used to inform post-disaster reconstruction and coastal resilience...

Persistent link: https://www.econbiz.de/10014458507

Extreme weather and risk preference : panel evidence from Germany

Kahsay, Goytom Abraha; Osberghaus, Daniel - 2016

Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...

Persistent link: https://www.econbiz.de/10011454120

Risk perception of climate change : empirical evidence for Germany

Frondel, Manuel; Simora, Michael; Sommer, Stephan - 2017

The perception of risks associated with climate change appears to be a key factor for the support of climate policy measures. Using a generalized ordered logit approach and drawing on a unique data set originating from two surveys conducted in 2012 and 2014, each among more than 6,000 German...

Persistent link: https://www.econbiz.de/10011608005

Pricing Poseidon : extreme weather uncertainty and firm return dynamics

Kruttli, Mathias S.; Roth Tran, Brigitte; Watugala, … - 2019

We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options on firms with establishments...

Persistent link: https://www.econbiz.de/10012181922

Hurricanes, climate change policies and electoral accountability

Gagliarducci, Stefano; Paserman, Marco Daniele; … - 2019

This paper studies how politicians and voters respond to new information on the threats of climate change. Using data on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts hit by a hurricane are more likely to support bills...

Persistent link: https://www.econbiz.de/10012006068

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