Research
Research
Abstract (Online Summary): This project studies how flood intensity from Hurricane Harvey affected single-family housing values in Harris County, Texas. Using parcel-level tax assessor data combined with high-resolution flood depth measures, I show that price responses are highly nonlinear: only the most severely flooded homes experience meaningful and persistent price declines. I also document a “risk-realization” channel operating through FEMA’s Special Flood Hazard Areas (SFHAs): neighborhoods that previously enjoyed an amenity premium for water-adjacent locations see this premium reversed after the disaster. Finally, I find that high-income areas recover much faster than low-income areas, highlighting the role of pre-disaster financial resources and insurance coverage in shaping post-disaster wealth trajectories.
(Full draft available upon request.)
Abstract (Online Summary): This paper examines how Korean multinational firms transfer knowledge to their foreign affiliates using a unique firm-level panel dataset from the Export–Import Bank of Korea. It distinguishes between knowledge embodied in intra-firm exports and direct communication through parent-worker secondments over the period 2007–2018. The study shows that trade costs and the parent firm’s knowledge intensity shape intra-firm exports, and that higher knowledge intensity can sustain knowledge transfer even when trade costs rise.