We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Christchurch earthquake of 2011 as our case study. In this event more than 95% of residential housing units were covered by insurance, but insurance payments were staggered over 5 years, enabling us to identify their local impact. We find that night-time luminosity can capture the process of recovery and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of economic recovery after the earthquake, but delayed payments were less affective and cash settlement of claims were more affective in contributing to local recovery than insurance-managed rebuilding.
We estimate the causal effects of a large unanticipated natural disaster on high schoolers’ university enrolment decisions and subsequent medium-term labour market outcomes. Using national administrative data after a destructive earthquake in New Zealand, we estimate that the disaster raises tertiary education enrolment of recent high school graduates by 6.1 percentage points. The effects are most pronounced for males, students who are academically weak relative to their peers, and students from schools directly damaged by the disaster. As relatively low ability males are overrepresented in sectors of the labour market helped by the earthquake, greater demand for university may stem from permanent changes in deeper behavioural parameters such as risk aversion or time preference, rather than as a coping response to poor economic opportunities.
My house (bought in March 2004) till the government procured it in October 2012, is finally being demolished. It will be an empty section in a couple of days, once they rip up the concrete base. Note the rainbow on right.
20140522_8951_EOS M-22 Demolition Of what many in Christchurch know as the Millers building, but for many recent years was the home to the Christchurch City Council, till just a week or two before the first earthquake of 2010. Now, in mid-2014 it is finally being demolished after nearly 45 months empty. A bus is leaving the new (temporary) bu...
20140521_1080_1D3-24 It has started! Removal of the double-glazed windows is underway at my "red zone" house, now owned by the Government of New Zealand. Sold to CERA (the government agency) in October 2012 and has remained empty since, despite having little damage, apart from the tilt to the front from the land damage that occurred during the...
Catholic Basilica, Christchurch - at the right place, at the right time...
A sight becoming more common in post-earthquake Christchurch - lifting earthquake-affected buildings to allow their foundations to be replaced and or completely replaced.
Overlooking McCormacks bay out across the city with the Southern Alps as a backdrop. There is still a strong effect from the July 11, 2011 Volcanic erruption (Puyehue) in Chile. Ash made it over to New Zealand causing very strong colours at sunset. The colours have not been artificially changed and its not a mash up. The parts of the city (and...
Looking across several properties to a yet to demolished (or possibly removed) house on Seabreeze Close, Pacific Park, Bexley.
Another house has gone from Seabreeze Close, Pacific Park, Bexley, leaving just the concrete base, a few floor tiles and the smashed toilet (throne). Houses are being demolished (85%) or deconstructed/shifted (15%) as a result of land damage in the major earthquakes of 4th September 2010, 22nd February 2011, 13th June 2011 and 23rd December 2...
More repairs to the infrastructure as a result of the 2010 & 2011 earthquakes. Boat ramp at New Brighton. Avon River.
Christchurch's Graffiti House... This Cranford Street house was damaged in the earthquakes and is due for demolished this week but has been given a Graffiti Makeover by local Street Artists.
More repairs to the infrastructure as a result of the 2010 & 2011 earthquakes. Hardy Street/Owles Terrace corner (beside the boat launching ramp), New Brighton
Prince William touches the people of Sumner.
More repairs to the infrastructure as a result of the 2010 & 2011 earthquakes. Boat ramp at New Brighton. Avon River.
20140927_2219_1D3-24 Planting natives at Harold Henry Park A planting of native bushes and trees in the old children's playground area in Bexley, Organised by the Facebook group Avon River Park and assisted by ex Bexley residents. This is right in the middle of the Bexley red zone with most houses removed or demolished now. #5832
Today (04/09/14) marks the fourth anniversary since the first earthquake rocked the city and greater Christchurch area. That first quake was magnitude 7.1, and luckily there was only one fatality (possible a heart attack). Since then we have had over 14,000 quakes, most very small in magnitude, but well over 500 of magnitude 4 or greater. 5...
The sign reads: The CTV Building was headquarters of Canterbury Television (CTV) and also housed King’s Education language School, a medical clinic, Hair Consultants, Relationship Services and a nursing school. On February 22nd 2011 the building collapsed as a result of a major earthquake. Sadly, 115 people who were in the building lost their l...
On a walk over to Hagley Park to great some shots of the wonderful Cherry Blossom I past by the Knox Church rebuild and found that the scaffolding has come down at last. It sure was shinning in the midday light. Victoria Street September 12, 2014 Christchurch New Zealand
A crane topples over on Victoria Street while taking glass up to some windows. No one was hurt and the glass never broke. Victoria Street was closed from 7:30am to later in the evening. This all happen on the Knox Plaza building site. Christchurch October 13, 2014 New Zealand.
A crane topples over on Victoria Street while taking glass up to some windows. No one was hurt and the glass never broke. Victoria Street was closed from 7:30am to later in the evening. This all happen on the Knox Plaza building site. Christchurch October 13, 2014 New Zealand.
Knox Church rebuild on a walk around my neighbourhood September 9, 2014 Christchurch New Zealand.
A crane topples over on Victoria Street while taking glass up to some windows. No one was hurt and the glass never broke. Victoria Street was closed from 7:30am to later in the evening. This all happen on the Knox Plaza building site. Christchurch October 13, 2014 New Zealand.
A crane topples over on Victoria Street while taking glass up to some windows. No one was hurt and the glass never broke. Victoria Street was closed from 7:30am to later in the evening. This all happen on the Knox Plaza building site. Christchurch October 13, 2014 New Zealand.
A crane topples over on Victoria Street while taking glass up to some windows. No one was hurt and the glass never broke. Victoria Street was closed from 7:30am to later in the evening. This all happen on the Knox Plaza building site. Christchurch October 13, 2014 New Zealand.
A crane topples over on Victoria Street while taking glass up to some windows. No one was hurt and the glass never broke. Victoria Street was closed from 7:30am to later in the evening. This all happen on the Knox Plaza building site. Christchurch October 13, 2014 New Zealand.
Demolition underway on the old Government Life building on a walk around the city September 7, 2014 Christchurch New Zealand.
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