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This article studies the effect of natural disasters on pregnancy outcomes using historical data from the USA. Preterm infants are more likely to be of low birth weight and face increased risk of health problems later in life, implying large long run societal costs. While some of the causes of...
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"Using a unique dataset of insurance decisions by over 1,800 large U.S. corporations, this study provides the first empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We combine demand and supply data and apply a...
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identifies options and lessons for managing post-disaster reconstruction finance in three key areas: (i) the establishment of …-natural disaster reconstruction efforts (Aceh-Indonesia, Yogyakarta-Indonesia, Sri Lanka, Maldives, Pakistan, Colombia, Grenada, and … Honduras) to help guide the priorities and options for future instances of public financial management for disaster …
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Embedding disasters into a general equilibrium production economy with heterogeneous firms induces strong nonlinearity in the pricing kernel, helping explain the empirical failure of the (consumption) CAPM. Our single-factor model reproduces the failure of the CAPM in explaining the value...
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