We report evidence from the largest study of racial price differentials in the U.S. housing market, constructing a panel of 40 million repeat-sales transactions. We find that price premiums facing Black and Hispanic homebuyers are ubiquitous and …
This study explores the impact of flood insurance on post-flooding neighborhood recovery. Using a shift-share instrumental variable approach, we analyze flood insurance claims' influence on housing prices after Hurricane Harvey in Houston. A $1,000 …
Persons of color are more likely to live in high flood risk areas. African American and Hispanic individuals also tend to pay significantly more than whites for equivalent housing and there is significant spatial heterogeneity in these differentials. …
With a social network adjacency matrix constructed from the Facebook Social Connectedness Index (SCI), this paper examines whether social learning facilitates climate risk perception updates to inform climate adaptation. We find that Hurricanes …
Modeling the dynamic transmission of climate disaster information during these events is vital for effective disaster preparation, response, and recovery. This study uses Hurricane Ida as a case study and Twitter (currently branded as X) as a social …
The demand for voluntary individual lifetime annuities is low, as merely 10% of soon-to-be retired Canadians care to buy such contracts. To assess the reasons why, we design a stated-preference experiment in which we vary characteristics of annuity …