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A General Rationale for a Governmental Role in the Relief of Large Risks
Shavell, Steven - 2014
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10013052679
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What Determines Giving to Hurricane Katrina Victims? Experimental Evidence on Income, Race, and Fairness
Fong, Christina M. - 2010
We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012759998
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Katrina's Children : Evidence on the Structure of Peer Effects from Hurricane Evacuees
Imberman, Scott A. - 2009
In 2005, hurricanes Katrina and Rita forced many children to relocate across the Southeast. While schools quickly enrolled evacuees, receiving families worried about the impact of evacuees on non-evacuee students. Data from Houston and Louisiana show that, on average, the influx of evacuees...
Persistent link: https://www.econbiz.de/10013156689
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When the Saints Come Marching in : Effects of Hurricanes Katrina and Rita on Student Evacuees
Sacerdote, Bruce - 2021
following the hurricane. However, by the second and third years after the disaster, Katrina evacuees displaced from Orleans …
Persistent link: https://www.econbiz.de/10013232038
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The Fiscal Cost of Hurricanes : Disaster Aid Versus Social Insurance
Deryugina, Tatyana - 2016
specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster … hurricane. The present value of this increase significantly exceeds that of direct disaster aid. This implies, among other …
Persistent link: https://www.econbiz.de/10012991681
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Organization of Disaster Aid Delivery : Spending Your Donations
Henderson, J. Vernon - 2012
quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …
Persistent link: https://www.econbiz.de/10013113102
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Managing Catastrophic Risk
Kunreuther, Howard - 2012
A principal reason that losses from catastrophic risks have been increasing over time is that more individuals and firms are locating in harm's way while not taking appropriate protective measures. Several behavioural biases lead decision-makers not to invest in adaptation measures until after...
Persistent link: https://www.econbiz.de/10013104996
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Covid-19 and the Macroeconomic Effects of Costly Disasters
Ludvigson, Sydney C. - 2020
impact of COVID-19. A costly disaster series is constructed over the sample 1980:1-2020:04 and the dynamic impact of a … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012837186
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International Migration Responses to Natural Disasters : Evidence from Modern Europe's Most Destructive Earthquake
Spitzer, Yannay; Tortorici, Gaspare; Zimran, Ariell - 2022
The Messina-Reggio Calabria Earthquake (1908) was the most devastating natural disaster in modern European history. It …
Persistent link: https://www.econbiz.de/10013299202
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Options-Pricing Formula with Disaster Risk
Barro, Robert J. - 2016
A new options-pricing formula applies to far-out-of-the money put options on the overall stock market when disaster … multiplicative term that is proportional to the disaster probability, p. If γ and the size distribution of disasters are fixed, time … variations in p can be inferred from time fixed effects. The estimated disaster probability peaks particularly during the recent …
Persistent link: https://www.econbiz.de/10013001208