Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/169466
Title: Does media coverage affect governments’preparation for natural disasters?
Author: Magontier, Pierre
Keywords: Catàstrofes naturals
Política governamental
Política económica
Natural disasters
Economic policy
Government policy
Issue Date: 2020
Publisher: Institut d’Economia de Barcelona
Series/Report no: [WP E-IEB20/05]
Abstract: While natural hazards have never been so frequent in modern history, the political economy of disaster preparation remains largely understudied. To prepare for natural disasters, local governments can adopt mitigation measures (e.g., infrastructure elevation, retrofitting, shelter construction, etc.). However, in doing so, there is a trade-off between risk reduction and risk disclosure as these initiatives may signal latent dangers of a place to unsuspecting homebuyers. Increased media coverage may ease this trade-off by revealing these dormant risks. I develop a measure of newspaper coverage of storms using data on newspapers’ circulation and occurrence of storms at the ZIP code level in the United States. Using the variation in this measure, I identify the effects of heightened media attention on local governments’ mitigation efforts under the Hazard Mitigation Grant program managed by FEMA. I find that when newspaper coverage is high, jurisdictions that have experienced severe storms tend to implement significantly more mitigation projects. Conversely, when coverage of storms is low, jurisdictions do not undertake mitigation projects after being hit by a storm (...)
Note: Reproducció del document publicat a: https://ieb.ub.edu/wp-content/uploads/2020/06/Doc2020-05.pdf
It is part of: IEB Working Paper 2020/05
URI: http://hdl.handle.net/2445/169466
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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