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Medical expenditure risk can pose a major threat to living standards. We derive decomposable measures of catastrophic medical expenditure risk from reference-dependent utility with loss aversion. We propose a quantile regression based method of estimating risk exposure from cross-section data...
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alternative derivation for a measure of time-varying disaster risk suggested by Wachter (2013), implying that both the disaster …
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in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more … forward-looking and therefore give more weight to these expectations during disaster times. Our theoretical framework implies … higher during disaster episodes. We check this both for past disasters and the current Covid-19 pandemic through the …
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way to come up with a measure of time-varying disaster risk in the spirit of Wachter (2013). Our findings imply that both … the disaster and the long-run risk paradigm can be extended towards explaining movements in the stock-bond return …
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Mozambique is among the most disaster-prone countries in the world. A bigger than usual, and mostly unexpected, flood … results are relevant for policy planning, natural disaster management, and for ex ante vulnerability assessment in Mozambique …
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assessment should also take into account the changing dynamics during and after a disaster. This paper provides a comparative … analysis of the situation in Sri Lanka and Indonesia within the context of the 2004 Indian Ocean tsunami. The author presents … ; natural hazards ; fragile regions ; Sri Lanka ; Indonesia ; coastal regions ; tsunami …
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