Density and Disasters : Economics of Urban Hazard Risk

Today, 370 million people live in cities in earthquake prone areas and 310 million in cities with a high probability of tropical cyclones. By 2050 these numbers are likely to more than double, leading to a greater concentration of hazard risk in many of the world's cities. The authors discuss w...

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Bibliographic Details
Main Authors:	Lall, Somik V., Deichmann, Uwe
Format:	Journal Article
Language:	en_US
Published:	Oxford University Press on behalf of the World Bank 2013
Subjects:	capitalization Economics externalities Housing Housing prices insurance insurance premiums labor markets land prices large cities migration municipal governments present value productivity public agencies public policy urban governments urban growth urbanization wages
Online Access:	http://hdl.handle.net/10986/15348

id	okr-10986-15348
recordtype	oai_dc
spelling	okr-10986-153482021-04-23T14:03:22Z Density and Disasters : Economics of Urban Hazard Risk Lall, Somik V. Deichmann, Uwe capitalization Economics externalities Housing Housing prices insurance insurance premiums labor markets land prices large cities migration municipal governments present value productivity public agencies public policy urban governments urban growth urbanization wages Today, 370 million people live in cities in earthquake prone areas and 310 million in cities with a high probability of tropical cyclones. By 2050 these numbers are likely to more than double, leading to a greater concentration of hazard risk in many of the world's cities. The authors discuss what sets hazard risk in urban areas apart, summarize estimates of valuation of hazard risk, and discuss implications for individual mitigation and public policy. The main conclusions are that urban agglomeration economies change the cost–benefit calculation of hazard mitigation; that good hazard management is first and foremost good general urban management; and that the public sector must perform better in promoting market-based risk reduction by generating and disseminating credible information on hazard risk in cities. 2013-08-26T17:30:03Z 2013-08-26T17:30:03Z 2012-02-01 Journal Article World Bank Research Observer 1564-6971 doi:10.1093/wbro/lkr006 http://hdl.handle.net/10986/15348 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Oxford University Press on behalf of the World Bank Journal Article Caribbean Central America East Asia Oceania South Asia Sub-Saharan Africa Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	capitalization Economics externalities Housing Housing prices insurance insurance premiums labor markets land prices large cities migration municipal governments present value productivity public agencies public policy urban governments urban growth urbanization wages
spellingShingle	capitalization Economics externalities Housing Housing prices insurance insurance premiums labor markets land prices large cities migration municipal governments present value productivity public agencies public policy urban governments urban growth urbanization wages Lall, Somik V. Deichmann, Uwe Density and Disasters : Economics of Urban Hazard Risk
geographic_facet	Caribbean Central America East Asia Oceania South Asia Sub-Saharan Africa Latin America
description	Today, 370 million people live in cities in earthquake prone areas and 310 million in cities with a high probability of tropical cyclones. By 2050 these numbers are likely to more than double, leading to a greater concentration of hazard risk in many of the world's cities. The authors discuss what sets hazard risk in urban areas apart, summarize estimates of valuation of hazard risk, and discuss implications for individual mitigation and public policy. The main conclusions are that urban agglomeration economies change the cost–benefit calculation of hazard mitigation; that good hazard management is first and foremost good general urban management; and that the public sector must perform better in promoting market-based risk reduction by generating and disseminating credible information on hazard risk in cities.
format	Journal Article
author	Lall, Somik V. Deichmann, Uwe
author_facet	Lall, Somik V. Deichmann, Uwe
author_sort	Lall, Somik V.
title	Density and Disasters : Economics of Urban Hazard Risk
title_short	Density and Disasters : Economics of Urban Hazard Risk
title_full	Density and Disasters : Economics of Urban Hazard Risk
title_fullStr	Density and Disasters : Economics of Urban Hazard Risk
title_full_unstemmed	Density and Disasters : Economics of Urban Hazard Risk
title_sort	density and disasters : economics of urban hazard risk
publisher	Oxford University Press on behalf of the World Bank
publishDate	2013
url	http://hdl.handle.net/10986/15348
_version_	1764431008774488064

Density and Disasters : Economics of Urban Hazard Risk

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