Climate‐related risks in financial assets

E Campiglio, L Daumas, P Monnin… - Journal of Economic …, 2023 - Wiley Online Library
The financial risks and potential systemic impacts induced by climate change and the
transition to a low‐carbon economy have become a central issue for both financial investors …

Urban inequalities in the 21st century economy

J Nijman, YD Wei - Applied geography, 2020 - Elsevier
In the last decade or so, inequality studies have assumed renewed prominence across the
social sciences. In this introduction to a special issue of Applied Geography, we set out to …

Going underwater? Flood risk belief heterogeneity and coastal home price dynamics

LA Bakkensen, L Barrage - The Review of Financial Studies, 2022 - academic.oup.com
How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

Is the risk of sea level rise capitalized in residential real estate?

J Murfin, M Spiegel - The Review of Financial Studies, 2020 - academic.oup.com
Using a comprehensive database of coastal home sales merged with data on elevation
relative to local tides, we compare prices for houses based on their inundation threshold …

Disaster on the horizon: The price effect of sea level rise

A Bernstein, MT Gustafson, R Lewis - Journal of financial economics, 2019 - Elsevier
Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably
equivalent unexposed properties equidistant from the beach. This discount has grown over …

Combining hazard, exposure and social vulnerability to provide lessons for flood risk management

EE Koks, B Jongman, TG Husby… - Environmental science & …, 2015 - Elsevier
Flood risk assessments provide inputs for the evaluation of flood risk management (FRM)
strategies. Traditionally, such risk assessments provide estimates of loss of life and …

Disaster risk, climate change, and poverty: assessing the global exposure of poor people to floods and droughts

HC Winsemius, B Jongman, TIE Veldkamp… - Environment and …, 2018 - cambridge.org
People living in poverty are particularly vulnerable to shocks, including those caused by
natural disasters such as floods and droughts. This paper analyses household survey data …

Rising sea levels and sinking property values: Hurricane Sandy and New York's housing market

F Ortega, S Taṣpınar - Journal of Urban Economics, 2018 - Elsevier
This paper analyzes the effects of hurricane Sandy on the New York City housing market
using a large parcel-level dataset that contains all housing sales for 2003–2017. The …

Is flood risk capitalised into property values?

A Beltrán, D Maddison, RJR Elliott - Ecological Economics, 2018 - Elsevier
Economic theory suggests that, other things being equal, properties located within a
floodplain should suffer a price discount. A survey of the existing evidence nonetheless …

Learning about an infrequent event: Evidence from flood insurance take-up in the United States

J Gallagher - American Economic Journal: Applied Economics, 2014 - JSTOR
I examine the learning process that economic agents use to update their expectation of an
uncertain and infrequently observed event. I use a new nation-wide panel dataset of large …