Living like there’s no tomorrow: The psychological effects of an earthquake on savings and spending behavior

Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

“…Second, because of low complexity of the lottery question in the JHPS-CPS, the nonresponse rate is quite low-2.4 percent of the original data-in contrast with a high nonresponse rate observed in previous studies with more complex questions. 16 Third, while the samples in previous studies are highly restricted (e.g., to investors or clients), the measure in this study is obtained using a large nationally representative sample.…”

“…Here, we replace the 0 values in risk preference by 0.0001 when they are logit transformed. 16 For example, Guiso and Paiella (2008) report a 27 percent nonresponse rate.…”

Combating the COVID-19 pandemic: The role of disaster experience

“…The degree of imprint caused by different types of natural disasters may be different. For example, the difference between earthquakes and other natural disasters, such as floods and droughts, is that earthquakes not only cause property damage, but also bring greater death threats ( Filipski et al, 2019 ). Different types of disaster experiences may play different roles in combating the pandemic.…”

Earthquake Hazard and Civic Capital

“…In adopting this view, we take a different approach relative to previous research, which has tended to focus on the short-run effects of (mostly) single seismic events. To this regard, scholars have explored saving and spending behavior (Filipski et al, 2019), social capital (Bai and Li, 2021), crime (Hombrados, 2020), religiosity (Sinding Bentzen, 2019), GDP per capita (Barone and Mocetti, 2014), delayed transition to self-government (Belloc et al, 2016), and public expenditures (Masiero and Santarossa, 2020).…”