from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human …, making average disaster losses grow with income. In the future, larger resources and better defenses are likely to make … ability to deal with and recover from the rare events that exceed protection capacity. Crisis management and post-disaster …

This paper examines households' self-insurance in financial markets when a rare personal disaster, such as disability … or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment … choices, even if most workers will not experience a disaster. Uncertainty about the size of human capital losses, which …