When climate meets real estate: A survey of the literature

J Contat, C Hopkins, L Mejia… - Real Estate …, 2024 - Wiley Online Library
With near unanimity, climate scientists project natural disasters to increase in frequency,
severity, and geographic scope over the next century. We survey academic literature at the …

Local public finance dynamics and hurricane shocks

R Jerch, ME Kahn, GC Lin - Journal of Urban Economics, 2023 - Elsevier
Abstract Since 1980, over 2,000 local governments in US Atlantic states have been hit by a
hurricane. We study local government fiscal dynamics in the aftermath of hurricanes. These …

[HTML][HTML] Do floods widen the economic disparity gap?

L Vin, A Kawasaki - Progress in Disaster Science, 2024 - Elsevier
Floods exacerbate economic inequality, disproportionately affecting the poor in flood-prone
areas while the rich in non-flood-prone regions continue to prosper. While this trend was …

Heterogeneity in the recovery of local real estate markets after extreme events: The case of Hurricane Sandy

IG Ellen, R Meltzer - Real Estate Economics, 2024 - Wiley Online Library
Natural disasters can cause physical damage and provide information about flood risk. We
find that the prices of one to three family homes in New York City hit by high storm surges …

Systemic financial risk arising from residential flood losses

H Thomson, HB Zeff, R Kleiman, A Sebastian… - Earth's …, 2023 - Wiley Online Library
Direct damage from flooding at residential properties has typically been categorized as
insured, with liabilities accruing to insurers, or uninsured, with costs accruing to property …

How will US households adjust their housing behaviors in response to climate change?

J Schuetz - Real Estate Economics, 2024 - Wiley Online Library
Americans are moving toward climate risk, even as property damage from climate stresses
becomes more salient. Over the coming years, climate change is likely to affect housing …

[PDF][PDF] Adverse selection and climate risk: A response to Ouazad and Khan (2021)

M Lacour-Little, AD Pavlov, SM Wachter - SSRN Electronic Journal, 2022 - aeaweb.org
We identify two data-related errors in the work of Ouazad and Kahn (OK, RFS 2021).
Correcting either of these errors or both entirely reverses the original result, in OK's code …

Climate risk perceptions and demand for flood insurance

D Ratnadiwakara, B Venugopal - Financial Management, 2023 - Wiley Online Library
The demand for flood insurance is low when the frequency and severity of flood disasters
are increasing due to climate change. We show that beliefs about climate change influence …

[PDF][PDF] Climate change and consumer finance: A very brief literature review

JJ Canals-Cerda, R Roman - FRB of Philadelphia Payment …, 2021 - philadelphiafed.org
Extant research shows that climate change can impose significant costs on consumers'
wealth and finances. Both sea-level rise and flooding from hurricane events led to high price …

Distributional justice and climate risk assessment: An analysis of disparities within direct and indirect risk

MJ Anderson, L Conrow, M Hobbs, R Paulik… - Risk …, 2024 - Wiley Online Library
Climate change and natural hazard risk assessments often overlook indirect impacts,
leading to a limited understanding of the full extent of risk and the disparities in its …