Natural disasters and human capital accumulation

The empirical literature on the relationship between natural disaster risk and investment
in education is inconclusive. Model averaging methods in a framework of crosscountry
and panel regressions show an extremely robust negative partial correlation
between secondary school enrollment and natural disaster risk. This result is driven
exclusively by geologic disasters. Exposure to natural disaster risk is a robust determinant
of differences in secondary school enrollment between countries but not necessarily
within countries Natural disasters, human capital, education, school enrollment,
Bayesian model averaging.