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Hurricanes, Flood Risk and the Economic Adaptation of Businesses

Indaco, Agustín - 2019

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 …

Persistent link: https://www.econbiz.de/10012865853

Climate Amenities, Climate Change, and American Quality of Life

Albouy, David - 2014

We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not...

Persistent link: https://www.econbiz.de/10013064120

Climate Change, Migration and Voice : An Explanation for the Immobility Paradox

Beine, Michel - 2019

This paper sheds light on the apparent paradox, wherein populations adversely affected by climatic conditions fail to migrate as much as would otherwise be expected. Drawing on Hirschman's treatise on Exit, Voice and Loyalty, we develop a simple model, which highlights the theoretical case for a...

Persistent link: https://www.econbiz.de/10012861312

Robust Dynamic Space-Time Panel Data Models Using?-Contamination : an Application to Crop Yields and Climate Change

Baltagi, Badi H.; Bresson, Georges; Chaturvedi, Anoop; … - 2023

This paper extends the Baltagi et al. (2018, 2021) static and dynamic ?-contamination papers to dynamic space-time models. We investigate the robustness of Bayesian panel data models to possible misspecification of the prior distribution. The proposed robust Bayesian approach departs from the...

Persistent link: https://www.econbiz.de/10014264204

A Behaviorally-Validated Warm Glow Questionnaire

Carpenter, Jeffrey P.; Lyford, Alex; Zhang, Mingfang - 2023

Measuring the social preferences of economic agents using experiments has become common place. This process, while incentive compatible, is costly and time consuming, making it infeasible in many settings. We combine standard altruism and warm glow choice experiments with a battery of candidate...

Persistent link: https://www.econbiz.de/10014348297

The Effects of Flood Insurance on Housing Markets

Indaco, Agustín - 2018

on the foodplain, as defined by the National Flood Insurance Program (NFIP), relative to properties located elsewhere …

Persistent link: https://www.econbiz.de/10012910751

Rising Sea Levels and Sinking Property Values : The Effects of Hurricane Sandy on New York's Housing Market

Ortega, Francesc - 2016

Are coastal cities adjusting to rising sea levels? This paper argues that large-scale events have the potential to ignite the process. We examine the effects of hurricane Sandy on the New York City housing market. We assemble a large plot-level dataset with rich geographic data on housing sales...

Persistent link: https://www.econbiz.de/10012978170

Climate Change Salience, Economic Insecurity, and Support for Mitigation Policies

Johnston, David; Knott, Rachel; Mendolia, Silvia - 2022

Many people remain opposed to climate change mitigation policies. This opposition is an obstacle to policy action and, therefore, important to understand. We explore how unusually high temperatures (heat waves), which observably increase the salience of climate change-related issues, affect...

Persistent link: https://www.econbiz.de/10014076714

The Impact of Climate Change on Mortality in the United States : Benefits and Costs of Adaptation

Deschênes, Olivier - 2022

This paper reviews and extends the recent empirical literature on the impact of climate change on mortality and adaptation in the United States. The analysis produces several new facts. First, the reductions in the impact of extreme heat on mortality risk previously documented up to 2004 have...

Persistent link: https://www.econbiz.de/10014079419

Does Hotter Temperature Increase Poverty? Global Evidence from Subnational Data Analysis

Dang, Hai-Anh; Trinh, Trong-Anh - 2022

Despite a vast literature documenting the negative effects of climate change on various socio-economic outcomes, little, if any, evidence exists on the global impacts of hotter temperature on poverty. Analyzing a new global dataset of subnational poverty in 166 countries, we find higher...

Persistent link: https://www.econbiz.de/10014083062