Climate-related Disaster and Human Capital Investment in the Global South

19462 10 106196 2 322523 document 106196 s41885-024-00150-8.pdf application/pdf 5edfb3a600bffbbd758c7046b3610f3c MD5 2889531 2024-05-21 09:05:21 https://pure.iiasa.ac.at/id/eprint/19462/7/s41885-024-00150-8.pdf 19462 7 7 application/pdf text en public cc_by_4

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published 106203 1 322541 document 106203 indexcodes.txt text/x-c++ 6c68c3037ea9ae3e767ec1d5454b17b2 MD5 16539 2024-05-21 09:16:39 https://pure.iiasa.ac.at/id/eprint/19462/8/indexcodes.txt 19462 8 8 text/x-c++ other Generate index codes conversion from text to indexcodes en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/106196 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/106196 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/106196 archive 353 disk0/00/01/94/62 2024-01-31 08:37:02 2024-05-21 09:06:09 2024-01-31 08:37:02 article show Yokomatsu M. 7931 Schinko T. 8847 0000-0003-1156-7574 Mochizuki J. 2027 0000-0003-1000-4251 Rezai A. Climate-related Disaster and Human Capital Investment in the Global South — Household Heterogeneity and Growth pub ASA SYRR BNR WAT POPJUS EQU Natural hazards, Economic growth, Household heterogeneity, Human capital investment, low-income countries This study develops a dynamic model of climate-related disaster impacts, considering multidimensional household heterogeneity, for analyzing changes in growth and inequality in low-income countries. Focusing on human capital development, the study demonstrates the multiple impacts of disaster risk reduction (DRR) policies on human capital investment, including the effect of schooling opportunities for households constrained by the subsistence consumption constraint. Through numerical simulations performed for two economies that differ in terms of human capital, modeled after Madagascar and Fiji, it is illustrated that the possibilities of involuntary unemployment and the work-learning choice drive the diversity in macroeconomic impacts of a disaster. In an economy characterized by low levels of human capital, a disaster could cause an increase in labor supply in the immediate aftermath, but interrupt human capital formation, impeding long-term growth and human capital formation. Such a result contradicts prevailing intuition by demonstrating that a disaster occurring in an economy under recession may not result in a large adverse GDP impact in the short run but may negatively impact growth in the long run. On such a path, a policy of development in DRR infrastructure with appropriate taxation could reduce human-capital gaps in the long run by supporting continued post-disaster human-capital-investment opportunities for the poor. 2024-05-20 submitted Springer doi:10.1007/s41885-024-00150-8 3096 272 209 public Economics of Disasters and Climate Change TRUE 2511-1280 Climate-related Disaster and Human Capital Investment in the Global South — Household Heterogeneity and Growth no info:eu-repo/semantics/article