-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which …

This paper argues that increases in perceived flood risk entail a negative and persistent shock to local economic … suffered damage, along with higher exit rates. The persistence of the effects is consistent with an upward revision of flood-risk … beliefs triggered by the hurricane. These findings suggest that businesses are adapting to the higher flood-risk environment …

How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the … depends on the weather. Weather risk reduces this employment, and the effect is stronger in regions where the regional banks …

collected one and six years after the earthquake. Colombia provides a unique setting for our study because the government …

Using a new composite climate-risk index, we show that population in high-risk counties has grown disproportionately … largely driven by increases in the (white) working-age population. In addition, we show that high-risk tracts have typically … grown more than low-risk tracts within the same county, suggesting the presence of highly localized amenities in high-risk …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …