Earthquake hazard and civic capital

Paolo Buonanno, Giacomo Plevani and Marcello Puca

European Journal of Political Economy, 2023, vol. 78, issue C

Abstract: We examine the empirical relationship between the exposure to earthquake hazard and civic capital in Italian municipalities. Drawing on the Italian National Institute of Geophysics and Volcanology, we find that earthquake hazard increases civic capital. We exploit variation across neighboring municipalities and use a neighbor-pair fixed effect estimator to establish a causal link between earthquake hazard and the accumulation of civic capital. We decompose the effect of earthquake hazard variation along four dimensions – frequency, space, magnitude, and timing – and observe that the effect is mostly explained by high-magnitude seismic events in the past. Our results are in line with the intuition that cooperative social norms build over a very long time span.

Keywords: Civic capital; Cooperation; Social norms; Earthquakes (search for similar items in EconPapers)
JEL-codes: D64 N53 Q54 Z1 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Working Paper: Earthquake Hazard and Civic Capital (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:78:y:2023:i:c:s0176268023000113

DOI: 10.1016/j.ejpoleco.2023.102367

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