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We study how the availability of credit shapes adaptation to a climatic shock, specifically, the long 1950s US drought …. We find that bank lending, net immigration, and population growth decline sharply in drought exposed areas with limited … initial access to bank finance. In contrast, agricultural investment and long-run productivity increase more in drought …
Persistent link: https://www.econbiz.de/10014350095
The 2011 Human Development Report argues that the urgent global challenges of sustainability and equity must be addressed together – and identifies policies on the national and global level that could spur mutually reinforcing progress towards these interlinked goals. Bold action is needed on...
Persistent link: https://www.econbiz.de/10010843563
Climate change is the defining human development challenge of the 21st Century. Failure to respond to that challenge will stall and then reverse international efforts to reduce poverty. The poorest countries and most vulnerable citizens will suffer the earliest and most damaging setbacks, even...
Persistent link: https://www.econbiz.de/10008467214
Credit reports are used in nearly all consumer lending decisions and, increasingly, in hiring decisions in the labor market, but the impact of a bad credit report is largely unknown. We study the effects of credit reports on financial and labor market outcomes using a difference-in-differences...
Persistent link: https://www.econbiz.de/10011547705
We study the financial and labor market impacts of bad credit reports. Using difference-in-differences variation from the staggered removal of bankruptcy flags, we show that bankruptcy flag removal leads to economically large increases in credit limits and borrowing. Using administrative tax...
Persistent link: https://www.econbiz.de/10012902759
In this paper, we show that drought has a positive effect on the incidence of civil war over the 1945-2005 period in … Sub-Saharan Africa. We use the Palmer Drought Severity Index which is a richer measurement of drought than the measures … than 42% from a “normal” climate to an “extremely drought” climate. Surprisingly, only 2.5% of this effect is channeled …
Persistent link: https://www.econbiz.de/10008747636
A main reason for our present climate problems are not the basic economical requirements of man but the exponential increasing world population and their ever growing demand for luxury far beyond the necessary basic economical needs. It is suggested to put the world's attention on the basic...
Persistent link: https://www.econbiz.de/10014052232
The 2010 Report continues the tradition of pushing the frontiers of development thinking. For the first time since 1990, the Report looks back rigorously at the past several decades and identifies often surprising trends and patterns with important lessons for the future. These varied pathways...
Persistent link: https://www.econbiz.de/10008837640
The new century opened with an unprecedented declaration of solidarity and determination to rid the world of poverty. In 2000 the UN Millennium Declaration, adopted at the largest-ever gathering of heads of state, committed countries — rich and poor — to doing all they can to eradicate...
Persistent link: https://www.econbiz.de/10008467207
Accommodating people’s growing demands for their inclusion in society, for respect of their ethnicity, religion, and language, takes more than democracy and equitable growth. Also needed are multicultural policies that recognize differences, champion diversity and promote cultural freedoms, so...
Persistent link: https://www.econbiz.de/10008467208