This article reviews the literature on the financial sector impacts of natural disasters and
physical climate change risks, covering banking, insurance, stock markets, bond markets …

Natural disaster losses have been increasing worldwide. Insurance is thought to play a
critical role in improving resilience to these events by both promoting recovery and providing …

This paper investigates the impact of the COVID-19 pandemic on household investment
decisions using a novel survey conducted by the Survey and Research Center for China …

Natural disasters trigger complex chains of events within human societies. Immediate deaths
and damage are directly observed after a disaster and are widely studied, but delayed …

Little is known about the fiscal costs of natural disasters, especially regarding social safety
nets that do not specifically target extreme weather events. This paper shows that US …

Hurricane Katrina destroyed over 200,000 homes and led to massive economic and
physical dislocation. Using a panel of tax return data, we provide one of the first …

In this paper, we explore dynamic changes in the capitalization of sea level rise (SLR) risk in
housing and mortgage markets. Our results suggest a disconnect in coastal Florida real …

Do individuals sort across flood risk? This paper applies a boundary discontinuity design to
a residential sorting model to provide novel estimates of sorting across flood risk by race …

This paper exploits strict flood insurance coverage limits and staggered flood map updates
to show that mortgage lenders offload flood risk to the government through flood insurance …

This paper quantifies frictions in uptake, tests for adverse selection, and analyzes welfare
effects of proposed reforms in natural disaster insurance markets. I find that willingness to …