Natural Disasters and Human Capital Accumulation
The author assesses empirically the relationship between natural disaster risk and investment in education. Although the results in the empirical literature tend to be inconclusive, using model averaging methods in the framework of cross-country an...
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| Language: | English |
| Published: |
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090309121347 http://hdl.handle.net/10986/4058 |
| Summary: | The author assesses empirically the
relationship between natural disaster risk and investment in
education. Although the results in the empirical literature
tend to be inconclusive, using model averaging methods in
the framework of cross-country and panel regressions, this
paper finds an extremely robust negative partial correlation
between secondary school enrollment and natural disaster
risk. This result is exclusively driven by geological
disasters. Natural disaster risk exposure is a robust
determinant of differences in secondary school enrollment
between countries, but not within countries, which implies
that the effect can be interpreted as a long-run phenomenon. |
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