IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i8p4554-d539414.html
   My bibliography  Save this article

Resilience Dividends and Resilience Windfalls: Narratives That Tie Disaster Resilience Co-Benefits to Long-Term Sustainability

Author

Listed:
  • Jennifer Helgeson

    (Applied Economics Office, National Institute of Standards and Technology (NIST), Gaithersburg, MD 20899, USA)

  • Cheyney O’Fallon

    (Smart Grid and Cyber-Physical Systems Program Office, NIST, Gaithersburg, MD 20899, USA)

Abstract

The need for increased disaster resilience planning, especially at the community level, as well as the need to address sustainability are clear; these dual objectives have been deemed national priorities in a number of recent US Executive Orders. Major global climate agreements, (i.e., the Sendai Framework for Disaster Risk Reduction, Paris Climate Agreement, and the Sustainable Development Goals) all emphasize the need to integrate disaster resilience and climate risks with continued sustainable development concerns. Current ways of assessing synergies and trade-offs across planning for disaster resilience and sustainability in investment projects that impact communities are limited. The driving research question in this paper is how researchers and practitioners may better express relative categories of co-benefits to meet this need. We draw upon the categorization of some co-benefits as contributing to the resilience dividend, which has helped communication across fields and created bridges from research to practical on-the-ground planning in recent years. Furthermore, we leverage the growing focus on the need to recognize the role of narratives in driving decisions about how and where to invest, which elucidates the inherent value of archetypes that resonate across stakeholders and disciplines to describe investments that may meet multiple objectives. We introduce the concept of a resilience windfall as an unexpected or sudden gain or advantage of resilience planning to be conceptualized alongside resilience dividends. We then assess the practicality of discerning resilience windfalls across various projects that have aspects of both resilience and sustainability. We recount five narrative vignettes that demonstrate disaster resilience interventions and associated resilience dividends and windfalls. This effort highlights the importance of considering resilience dividends and resilience windfalls during the planning, execution, and evaluation phases of disaster resilience projects. These typologies provide an important contribution to the integration agenda between disaster resilience, climate risks, and sustainable development. There are policy implications of framing incentives for interventions that address both disaster resilience and long-term sustainability objectives as well as encouraging robust tracking of both resilience dividends and windfalls.

Suggested Citation

  • Jennifer Helgeson & Cheyney O’Fallon, 2021. "Resilience Dividends and Resilience Windfalls: Narratives That Tie Disaster Resilience Co-Benefits to Long-Term Sustainability," Sustainability, MDPI, vol. 13(8), pages 1-27, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:8:p:4554-:d:539414
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/8/4554/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/8/4554/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
    2. Axel Michaelowa & Lukas Hermwille & Wolfgang Obergassel & Sonja Butzengeiger, 2019. "Additionality revisited: guarding the integrity of market mechanisms under the Paris Agreement," Climate Policy, Taylor & Francis Journals, vol. 19(10), pages 1211-1224, November.
    3. Gianluca Pescaroli & David Alexander, 2018. "Understanding Compound, Interconnected, Interacting, and Cascading Risks: A Holistic Framework," Risk Analysis, John Wiley & Sons, vol. 38(11), pages 2245-2257, November.
    4. Ilan Chabay, 2020. "Vision, identity, and collective behavior change on pathways to sustainable futures," Evolutionary and Institutional Economics Review, Springer, vol. 17(1), pages 151-165, January.
    5. Mechler,Reinhard & Mochizuki,Junko & Hochrainer-Stigler,Stefan, 2016. "Disaster risk management and fiscal policy : narratives, tools, and evidence associated with assessing fiscal risk and building resilience," Policy Research Working Paper Series 7635, The World Bank.
    6. Mayrhofer, Jan P. & Gupta, Joyeeta, 2016. "The science and politics of co-benefits in climate policy," Environmental Science & Policy, Elsevier, vol. 57(C), pages 22-30.
    7. Ilan Chabay & Larissa Koch & Grit Martinez & Geeske Scholz, 2019. "Influence of Narratives of Vision and Identity on Collective Behavior Change," Sustainability, MDPI, vol. 11(20), pages 1-15, October.
    8. Rose,Adam, 2016. "Capturing the co-benefits of disaster risk management on the private sector side," Policy Research Working Paper Series 7634, The World Bank.
    9. Clarke, Daniel J. & Dercon, Stefan, 2016. "Dull Disasters?: How planning ahead will make a difference," OUP Catalogue, Oxford University Press, number 9780198785576.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Glenn Harrison & Karlijn Morsink & Mark Schneider, 2022. "Literacy and the quality of index insurance decisions," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(1), pages 66-97, March.
    2. Justin F. Landy, 2016. "Representations of moral violations: Category members and associated features," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 11(5), pages 496-508, September.
    3. Insoo Cho & Peter F. Orazem, 2021. "How endogenous risk preferences and sample selection affect analysis of firm survival," Small Business Economics, Springer, vol. 56(4), pages 1309-1332, April.
    4. David J. Cooper & Krista Saral & Marie Claire Villeval, 2021. "Why Join a Team?," Management Science, INFORMS, vol. 67(11), pages 6980-6997, November.
    5. Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019. "Digital Communication and Swift Trust," Post-Print halshs-02409314, HAL.
    6. Brice Corgnet & Roberto Hernán Gonzalez & Ricardo Mateo, 2015. "Cognitive Reflection and the Diligent Worker: An Experimental Study of Millennials," PLOS ONE, Public Library of Science, vol. 10(11), pages 1-13, November.
    7. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Studying Information Acquisition in the Field: A Practical Guide and Review," CEBI working paper series 21-15, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    8. Luigi Guiso, 2015. "A Test of Narrow Framing and its Origin," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 1(1), pages 61-100, March.
    9. Breaban, Adriana & van de Kuilen, Gijs & Noussair, Charles, 2016. "Prudence, Personality, Cognitive Ability and Emotional State," Other publications TiSEM 9a01a5ab-e03d-49eb-9cd7-4, Tilburg University, School of Economics and Management.
    10. Chavez, Daniel E. & Palma, Marco A. & Nayga, Rodolfo M. & Mjelde, James W., 2020. "Product availability in discrete choice experiments with private goods," Journal of choice modelling, Elsevier, vol. 36(C).
    11. Fabian Herweg & Svenja Hippel & Daniel Müller & Fabio Römeis, 2024. "Axiom Preferences and Choice Mistakes under Risk," ECONtribute Discussion Papers Series 326, University of Bonn and University of Cologne, Germany.
    12. Fuchsman, Dillon & McGee, Josh B. & Zamarro, Gema, 2023. "Teachers’ willingness to pay for retirement benefits: A national stated preferences experiment," Economics of Education Review, Elsevier, vol. 92(C).
    13. Prokudina, Elena & Renneboog, Luc & Tobler, Philippe, 2015. "Does Confidence Predict Out-of-Domain Effort?," Other publications TiSEM 2a1830fc-471f-45a3-b9b0-a, Tilburg University, School of Economics and Management.
    14. Jordi Brandts & Isabel Busom & Cristina Lopez-Mayan & Judith Panadés, 2022. "Images Say More Than Just Words: Effectiveness of Visual and Text Communication in Dispelling the Rent–Control Misconception," Working Papers 1322, Barcelona School of Economics.
    15. Noussair, C.N. & Tucker, S. & Xu, Yilong, 2014. "A Future Market Reduces Bubbles but Allows Greater Profit for More Sophisticated Traders," Other publications TiSEM 43ded173-9eee-48a4-8a15-6, Tilburg University, School of Economics and Management.
    16. Johannes Abeler & Felix Marklein, 2017. "Fungibility, Labels, and Consumption," Journal of the European Economic Association, European Economic Association, vol. 15(1), pages 99-127.
    17. Ek, Claes, 2017. "Some causes are more equal than others? The effect of similarity on substitution in charitable giving," Journal of Economic Behavior & Organization, Elsevier, vol. 136(C), pages 45-62.
    18. Lex Borghans & Angela Lee Duckworth & James J. Heckman & Bas ter Weel, 2008. "The Economics and Psychology of Personality Traits," Journal of Human Resources, University of Wisconsin Press, vol. 43(4).
    19. Fellner, Gerlinde & Maciejovsky, Boris, 2007. "Risk attitude and market behavior: Evidence from experimental asset markets," Journal of Economic Psychology, Elsevier, vol. 28(3), pages 338-350, June.
    20. Dato, Simon & Grunewald, Andreas & Kräkel, Matthias & Müller, Daniel, 2016. "Asymmetric employer information, promotions, and the wage policy of firms," Games and Economic Behavior, Elsevier, vol. 100(C), pages 273-300.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:8:p:4554-:d:539414. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.