Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:50:47am WEST
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Daily Overview |
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Egg-Timer: Climate Adaptation and Risk Management Location: D-107 Session Chair: Philippe Kabore, Université du Québec à Rimouski | |
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Rainfall, Fire Risk, and Housing Prices in Hawai‘i University of Hawaiʻi at Mānoa, United States of America This paper identifies the real estate market responses to rainfall and fire risk in Hawai‘i by leveraging wide variations in precipitation patterns and fire risk exposure. Using repeat-sales housing transaction data between 2000 and 2019, we document three key findings. First, rainfall shocks depress property values, highlighting the disruptive impact of extreme precipitation. Second, wildfire risk also reduces property values, underscoring the market’s sensitivity to fire-related hazards. Third, the negative impact of rainfall shocks is moderated in areas designated as fire zones, suggesting that buyers value the fire-mitigating benefits of increased rainfall. Our results are robust to various specifications of rainfall measures and definitions of both fire risk and fire incidence. Our findings contribute to the understanding of how compound climate risks are capitalized in real estate markets. | |