Wildfires exacerbated by climate change are a growing issue in the US. However, the full economic implications of wildfires for the housing market are largely unknown. As a case study, we estimate the effect of changing wildfire risk perceptions on residential home sale prices in California. We...

Each year, wildfires destroy larger areas of Spain, threatening numerous ecosystems. Humans cause 90% of them (negligence or provoked) and the behaviour of individuals is unpredictable. However, atmospheric and environmental variables affect the spread of wildfires, and they can be analysed by...

Until now very little work has been done to estimate the effect of wildfire smoke on employment. This paper starts to address that gap. Smoke data from the NOAA Hazard Mapping System, Smoke and Fire Product is matched to data on employment and hours worked from the Current Population Survey at...

This paper examines wildfires’ impact on mortgage repayment using novel data that combines property-level damages and mortgage performance data. We find that 90-day delinquencies were 4 percentage points higher and prepayments were 16 percentage points higher for properties that were damaged...

The frequency and severity of extreme wildfires are on the rise in the United States, causing unprecedented disruption and increasingly challenging the country’s capacity to contain losses and damages. These challenges are set to keep growing in the context of climate change, highlighting the...

There is strong evidence on the mortality and morbidity external costs of air pollution. This paper focuses on another source of air pollution externality: the loss in solar electricity generation from increased atmospheric opacity due to air pollution. We use data from residential rooftop solar...

Lebanon's forest landscapes are unique in the Mediterranean region and, over the centuries, have provided multiple socioeconomic, cultural, and environmental benefits. However, societal changes have had a significant impact on these landscapes, putting them at risk of further degradation....