This article examines why disasters of similar types differentially affect countries throughout the world. Despite a plethora of studies in the disaster field, such a theme has hitherto not been systematically pursued. Concepts of government effectiveness, government instability, available...

We estimate the parameters of a dynamic, forward-looking neighborhood choice model in 197 metro areas where households have preferences over the racial composition of neighborhoods. Our inclusion of multiple metro areas in the estimation sample enables us to develop a new, shift-share IV...