Natural disasters and human capital accumulation

Abstract

The empirical literature on the relationship between natural disaster risk and investment in education is inconclusive. Model averaging methods in a framework of crosscountry and panel regressions show an extremely robust negative partial correlation between secondary school enrollment and natural disaster risk. This result is driven exclusively by geologic disasters. Exposure to natural disaster risk is a robust determinant of differences in secondary school enrollment between countries but not necessarily within countries Natural disasters, human capital, education, school enrollment, Bayesian model averaging. © The Author 2010. Published by Oxford University Press on behalf of the International Bank for Reconstruction and Development / THE WORLD BANK. All rights reserved.