The trap of climate change-induced natural disasters and inequality

The Institute of Economics will hold a seminar meeting as part of its Seminar Series on Tuesday, November 23, 2021: Federica Cappelli from Roma Tre University will present the paper "The trap of climate change-induced natural disasters and inequality".

Abstract:

The purpose of the paper is to disentangle the mechanisms that connect climate change-induced disasters, inequality and vulnerability by accounting for both directions of causality. The author do so by means of a simultaneous equations approach on a panel of 149 countries from 1992 to 2018. The empirical analysis reveals that countries with higher levels of income inequality suffer greater damages when hit by a natural disaster. At the same time, inequality is found to increase the number of people affected by disasters. The analysis discloses the existence of a vicious cycle that keeps some countries stuck in a disasters-inequality trap.

The paper can be found here.

The seminar will be held in blended mode. In person participation is possible and available seats are allocated on a first come first served basis. For online participation please use the following link.