| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27066 |
| 来源ID | Working Paper 27066 |
| Mitigating Disaster Risks in the Age of Climate Change | |
| Harrison Hong; Neng Wang; Jinqiang Yang | |
| 发表日期 | 2020-04-27 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Emissions control cannot address the consequences of global warming for weather disasters until decades later. We model regional-level mitigation or adaptation, which reduces disaster risks to capital in the interim. Mitigation depends on belief regarding the adverse consequences of global warming. Pessimism jumps with a disaster and slowly reverts in the absence of arrivals. Mitigation spending by firms is less than first-best because of externalities. We prove that capital taxes to fund public mitigation, which requires collective action, restores first-best. We apply our model to country-level mitigation of major tropical cyclones, using GDP growth damages, government flood-control budgets, and climate-model projections of increasing cyclone frequency. For a typical country exposed to cyclones, a disaster arrival not only damages its capital stock, but elevates perceived risks, and as a result has persistent effects on taxes, the mix of private and public mitigation, growth, and welfare. |
| 主题 | Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions ; Public Economics ; Taxation ; Public Goods |
| URL | https://www.nber.org/papers/w27066 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584738 |
| 推荐引用方式 GB/T 7714 | Harrison Hong,Neng Wang,Jinqiang Yang. Mitigating Disaster Risks in the Age of Climate Change. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27066.pdf（1051KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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