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Density and disasters : economics of urban hazard risk (English)

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.

Details

  • Author

    Deichmann,Uwe Klaus, Lall,Somik V.

  • Document Date

    2010/07/07

  • Document Type

    Journal Article

  • Report Number

    81435

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2013/12/02

  • Disclosure Status

    Disclosed

  • Doc Name

    Density and disasters : economics of urban hazard risk

  • Keywords

    hazard risk;access to labor market;degree of government intervention;annual per capita income;Environmental and Social Impact;natural hazard;Hazard Risk Management;concentration of people;central business district;land use regulation;economies of scale;loss of life;land use management;high opportunity cost;act of god;property as collateral;investments in dams;global positioning system;private insurance market;resources and capacity;collection of information;urban public sector;central government institution;Earthquake Risk Reduction;lack of regulation;land use planning;fast population growth;urban agglomeration economy;access to job;high density development;fertile volcanic soils;medium sized cities;real estate price;enforcement of standards;Maintenance of Drainage;risk reduction efforts;dimension of vulnerability;engine of growth;sea surface temperature;risk reduction strategies;accessibility to job;real estate market;effective risk reduction;lack of development;informal land market;land and housing;Housing and Land;urban labor market;population growth rate;loss of property;barriers to investment;frequency of events;national environmental agency;property value;urban management;urban population;rural area;informal settlement;slum dweller;natural disaster;property price;Hazard Management;land scarcity;housing price;individual level;mitigation efforts;property right;fault line;

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Citation

Deichmann,Uwe Klaus Lall,Somik V.

Density and disasters : economics of urban hazard risk (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/169661468181776938/Density-and-disasters-economics-of-urban-hazard-risk