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Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap

Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine...

Persistent link: https://www.econbiz.de/10012694052

Natural disasters, moral hazard, and special interests in congress

Kaplan, Ethan; Spenkuch, Jörg L.; Yuan, Haishan - 2018

accountability and politicians' support for special interests. We show that, in the immediate aftermath of a disaster, the evening …

Persistent link: https://www.econbiz.de/10011942893

Dynamically optimal R&D subsidization

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010

Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...

Persistent link: https://www.econbiz.de/10003998059

Macroeconomic effects of social security privatization in a small unionized economy

Adam, Antonis (contributor) - 2004

This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady state may result in lower levels of...

Persistent link: https://www.econbiz.de/10002523187

Integrated reforms of indirect taxes in the presence of pollution

Michael, Michael S. (contributor); Lahiri, Sajal (contributor) - 2008

Persistent link: https://www.econbiz.de/10003674452

Delaying integration of immigrant labor for the purpose of taxation

Richter, Wolfram F. - 2002

Delayed Integration ("DI") is a rule for taxing migrants. It requires that immigrants be taxed in the receiving country only after some period of transition. Conversely, emigrants are released from the obligation to pay home taxes only after a certain period. DI is an alternative to the...

Persistent link: https://www.econbiz.de/10011513992

Fifty years of U.S. natural disaster insurance policy

Marcoux, Kendra; Wagner, Katherine R. H. - 2023

of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …

Persistent link: https://www.econbiz.de/10014281392

Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes

Nguyen, Cuong; Noy, Ilan - 2018

We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury...

Persistent link: https://www.econbiz.de/10011846154

Social inequalities in climate change-attributed impacts of hurricane harvey

Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021

Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...

Persistent link: https://www.econbiz.de/10012668885

Steepest ascent tariff reforms

Raimondos-Møller, Pascalis (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003364553