Earthquake fatalities: the interaction of nature and political economy
AbstractIn our theoretical model, we show that as per capita income decreases and the level of inequality increases, different segments of society are less likely to agree on the distribution of the burden of the necessary collective action, causing the relatively-wealthy simply to self-insure against the disaster while leaving the relatively-poor to its mercy. We then evaluate 269 large earthquakes occurring worldwide (1960-2002), taking into account other factors such as an earthquake's magnitude, depth and proximity to population centers. Using a Negative Binomial estimation strategy with both random and fixed estimators, we find strong evidence of the theoretical modelâs predictions.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Public Economics.
Volume (Year): 89 (2005)
Issue (Month): 9-10 (September)
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Web page: http://www.elsevier.com/locate/inca/505578
Other versions of this item:
- Nejat Anbarci & Monica Escaleras & Charles A. Register, 2004. "Earthquake fatalities: the interaction of nature and political economy," Working Papers 0415, Florida International University, Department of Economics.
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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