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on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts … the disaster. The response to hurricanes does not seem to be driven by logrolling behavior or lobbysts' pressure. The …
Persistent link: https://www.econbiz.de/10012006068
different types of disasters, the effect of changing disaster risk so far has largely been neglected. In this paper we study the … effect of hurricane risk on individual self-reported life satisfaction. In order to do so we combine geo-referenced survey … we construct time-varying indicators of hurricane risk on the zip-code-level for the period of 2010 to 2018, based on …
Persistent link: https://www.econbiz.de/10012436249
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
used in risk assessments to estimate extent of and damages from flooding and erosion. Further, such flood risk models can … then include the effects of ecosystems, such as mangroves, to model the effects on risk of conservation and restoration …
Persistent link: https://www.econbiz.de/10014457899
their risk perception solely on prior experience, or a lack thereof, but take objective risk factors into account. I use … data from a large-scale survey of German businesses to investigate how they assess the acute physical climate risk …. Objective risk criteria such as firm size, industry, and location characteristics inform expectations independent of experience …
Persistent link: https://www.econbiz.de/10015200165
finanzielle Stabilität im Sinne ihrer Mandate im Blickpunkt. Denn einerseits birgt der Klimawandel erhebliche Risiken für …
Persistent link: https://www.econbiz.de/10012154795
Combining a rich database on natural hazards, granular flood risk maps and detailed information on firm geolocalisation … destruction' hypothesis proposed by the natural disaster literature. …
Persistent link: https://www.econbiz.de/10013503745
, suggesting that this risk is somewhat unpredictable and undiversifiable. Furthermore, geographic dispersion increases firms …
Persistent link: https://www.econbiz.de/10014256746
Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to … flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge … higher rates for lower LTV loans that face "un-mapped" flood risk. This effect is weaker for high income applicants, as well …
Persistent link: https://www.econbiz.de/10014532009
distributional effect of disaster risk. The model features two kinds of households and a fiscal authority. We show that disaster risk …. Importantly, we observe a significant rise in sovereign debt due to disaster risk, which poses a challenge to policymakers. Lastly … panel data, we show that rising climate-related disaster risks increase government debt and harm fiscal sustainability. We …
Persistent link: https://www.econbiz.de/10015133082