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The perception of risks resulting from climate change is a key factor in motivating individual adaptation and prevention behavior, as well as for the support of climate policy measures. Using a generalized ordered logit approach and drawing on a unique data set originating from two surveys...
Persistent link: https://www.econbiz.de/10012979625
comprehensive retrospective information on households' historic experience with weather shocks. Exposure to the weather shock … significantly reduces the likelihood of being enrolled in mandatory school two to three years after the shock. Similarly, it … significantly reduces the probability of completing basic education ten to eleven years after the shock. Both effects are driven by …
Persistent link: https://www.econbiz.de/10013010169
We analyzed the effects of 10,748 weather events on attention to climate change between December 2011 and November 2014 in local areas across the USA. Attention was gauged by quantifying the relative increase in Twitter messages about climate change in the local area around the time of each...
Persistent link: https://www.econbiz.de/10012855205
targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …
Persistent link: https://www.econbiz.de/10012860997
Global climate change has a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of our paper is to set forth a model – the macroeconomics evaluation of climate change (MECC) model – to evaluate the...
Persistent link: https://www.econbiz.de/10013052912
drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0 …
Persistent link: https://www.econbiz.de/10013019987
Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
Persistent link: https://www.econbiz.de/10012993572
country-specific structural vector autoregression (VAR) models by combining estimated damages of disaster events with monthly …
Persistent link: https://www.econbiz.de/10012671834
climatic disaster become less accurate than those by the unaffected analysts within three months after the disaster due to … distracted attention. Stock prices respond less strongly to earnings revisions by disaster-zone analysts. Disaster-zone analysts … covered by disaster-zone analysts, suggesting a spillover effect of idiosyncratic shocks via financial intermediaries …
Persistent link: https://www.econbiz.de/10013220377
We document the investment and financing decisions of firms that experience monetary losses due to extreme weather events. Our sample covers firms operating in 41 economies, mainly emerging and developing markets. Consistent with the need to either replenish damaged capital or to adapt to...
Persistent link: https://www.econbiz.de/10013282473