While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how natural disasters affect individual saving decisions. This study makes use of a natural experiment created ...
Berlin:
DIW Berlin,
2015,
(SOEPpapers 763)
| Michael Berlemann, Max Steinhardt, Jascha Tutt