Jeffrey Czajkowski

Managing Director
Wharton Risk Management and Decision Processes Center

Contact information

Email: jczaj@wharton.upenn.edu
Phone: (direct) 215-898-8047
Fax: 215-573-2130
Address: 3819 Chestnut Street, Suite 130, Philadelphia, PA 19104

Dr. Jeffrey Czajkowski serves as the Managing Director for the Wharton Risk Management and Decision Processes Center. During his tenure with the Risk Center since 2011 he has served as the Willis Research Network and Travelers Fellow conducting research on various economic and risk-related issues of natural hazards, as well as environmental economics. A significant amount of this research has involved working collaboratively in cross-disciplinary research teams, and sponsored funding for the research has been provided by the National Science Foundation (NSF), the U.S. Geological Survey, the National Oceanic and Atmospheric Administration, and the State of Florida Division of Emergency Management. Culminating research outputs have been published in leading risk management, insurance, natural hazards, and environmental economics journals.

Dr. Czajkowski has presented his work at over 60 various conferences, workshops, invited seminars, and webinars that have included academic, insurance industry, and policy-oriented audiences. He has served on three committees of the National Research Council of the National Academy of Sciences as well as the Department of Homeland Security’s Flood Apex research review board. Dr. Czajkowski has actively participated in policy forums for the Resilient America Roundtable, the Federal Insurance and Mitigation Administration, the Applied Technology Council, and the Engineering for Climate Extremes Partnership. He has also assisted in guiding research direction and findings for the NSF, Environmental Protection Agency (EPA), New York Sea Grant, RAND Corporation, and the Verification of the Origins of Rotation in Tornadoes Experiment-Southeast, among others.

Prior to his position at the Risk Center, Dr. Czajkowski was an assistant professor of economics at Austin College and an adjunct assistant research professor at the International Hurricane Research Center (IHRC) at Florida International University (FIU). He holds a B.S. from Carnegie Mellon University, an M.S. in environmental and urban systems from Florida International University, and a Ph.D. in economics from Florida International University. During his tenure at FIU he was an EPA fellow as well as a FIU dissertation fellow. Preceding graduate school, he worked in New York City as a research associate for Coopers & Lybrand Consulting and was a vice-president for JP Morgan.

Peer-Reviewed Journal Publications

Building Code Economic Performance under Variable Wind Risk” (with James Done and Kevin Simmons)  Mitigation and Adaptation Strategies for Global Change. https://doi.org/10.1007/s11027-018-9808-x

A Hydro-economic Model of South Florida Water Resources System” (with Ali Mirchi, David Watkins, Vic Engel, Michael Sukop, Mahadev Bhat, Jennifer Rehage, David Letson, Yuki Takatsuka, Richard Weisskoff) Science of the Total Environment (2018) 628–629, Pages 1531–1541.

Economic impacts of urban flooding in South Florida: Potential consequences of managing groundwater to prevent salt water intrusion”  (with Vic Engel, Chris Martinez, Ali Mirchi, David Watkins, Michael C. Sukop, Joseph D. Hughes)  Science of the Total Environment Volume 621, 15 April 2018, Pages 465–478.  Press release

Economic Effectiveness of Implementing a Statewide Building Code: The Case of Florida” (with James Done and Kevin Simmons) Land Economics Volume 94:2 (May 2018)

The Relationship between Residential Losses and Hurricane Winds: The Role of the Florida Building Code” (with James Done and Kevin Simmons) ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems, Part A: Civil Engineering 4(1) (March 2018)

Adoption of Flood Preparedness Actions: A Household Level Study in Rural Communities in Tabasco, Mexico” (with Ajita Atreya, Wouter Botzen, Gabriela Bustamante, Karen Campbell, Ben Collier, Francisco Ianni, Howard Kunreuther, Erwann Michel-Kerjan, and Marilyn Montgomery) International Journal of Disaster Risk Reduction (2017) Volume 24, Pages 428-438

Demonstrating the Intensive Benefit to the Local Implementation of a Statewide Building Code” (with James Done and Kevin Simmons) Risk Management and Insurance Review (2017)  24: 428-438

Assessing Freshwater Flood Risk from North Atlantic Tropical Cyclones” (with Gabriele Villarini, Marilyn Montgomery, Erwann Michel-Kerjan, and Radoslaw Goska) Scientific Reports 7, Article number: 41609 (2017)

Toward economic flood loss characterization via hazard simulation” (with Luciana Cunha, Erwann Michel-Kerjan, and James Smith) Environmental Research Letters 11 (2016) 084006

Moral Hazard in Natural Disaster Insurance Markets: Empirical evidence from Germany and the United States” (with Wouter Botzen, Paul Hudson, and Heidi Kreibich)  Land Economics (in press)

Graduated Flood Risks and Property Prices in Galveston County” (with Ajita Atreya) Real Estate Economics, 2016

Housing Market Fluctuations and the Implicit Price of Water Quality: Empirical Evidence from a South Florida Housing Market” (with Okmyung Bin, Jingyuan Li, and Gabriele Villarini) Environmental and Resource Economics, 2016 (In Press)

Affordability of the National Flood Insurance Program: Application to Charleston County, South Carolina” (with Wendy Zhao and Howard Kunreuther) Natural Hazards Review, 17:1, 2016

“Moving from Risk Assessment to Risk Reduction: An Economic Perspective on Decision Making in Natural Disasters” The Bridge 45(4):52-59 (Winter 2015)

“Could Flood Insurance Be Privatized in the United States? A Primer” (with Howard Kunreuther and Erwann Michel-Kerjan). In Press at the Geneva Papers on Risk and Insurance – Issues and Practices (DOI: 10.1057/gpp.2014.27)

“The Dynamics of Hurricane Risk Perception: Real-Time Evidence from the 2012 Atlantic Hurricane Season” (with Earl J. Baker, Kenneth Broad, Robert Meyer, Ben Orlove) Bulletin of the American Meteorological Society, 95, 1389–1404. 2014 (10.1175/BAMS-D-12-00218.1)

“Convective Storm Vulnerability: Quantifying the Role of Effective and Well-Enforced Building Codes in Minimizing Missouri Hail Property Damage” (with Kevin Simmons), Land Economics, 90(3):482-508. 2014

“As the Wind Blows? Understanding Hurricane Damages at the Local Level through a Case Study Analysis” (with James Done). Weather, Climate, and Society, 6(2):202-217. 2014 (DOI: 10.1175/WCAS-D-13-00024.1)

Determining Tropical Cyclone Inland Flooding Loss on a Large-Scale through a New Flood Peak Ratio-based Methodology (with Gabriele Villarini, Erwann Michel-Kerjan, and James Smith), Environmental Research Letters, 8(4), 1-7, 2013 (DOI: doi:10.1088/1748-9326/8/4/044056)

Quantifying Riverine and Storm-Surge Flood Risk by Single Family Residence: Application to Texas (with Howard Kunreuther and Erwann Michel-Kerjan). Risk Analysis, 33(12):2092-2110 (2013) (DOI: 10.1111/risa.12068)

Reinsurance (with Christopher Emrich). In K. Penuel, M. Statler, & R. Hagen (Eds.), Encyclopedia of crisis management. (pp. 805-807). Thousand Oaks, CA: SAGE Publications, Inc. 2013

The Impact of Technical and Non-Technical Measures of Water Quality on Coastal Waterfront Property Values in South Florida (with Okmyung Bin). Marine Resource Economics, 28(1):43-63. 2013

A Methodological Approach for Pricing Flood Insurance and Evaluating Loss Reduction Measures: Application to Texas (with Howard Kunreuther and Erwann Michel-Kerjan). Journal of Reinsurance,19:2:1-28. 2012

An Analysis of Coastal and Inland Fatalities in Landfalling U.S. Hurricanes (with Kevin Simmons and Daniel Sutter). Natural Hazards, 59(3): 1513-1531 (December, 2011)

Is It Time to Go Yet? Understanding Household Hurricane Evacuation Decisions from a Dynamic PerspectiveNatural Hazards Review, 12(2):72-84 (May, 2011)

Fatal Tradeoff? Toward a Better Understanding of the Costs of Not Evacuating from a Hurricane in Landfall Counties (with Emily Kennedy). Population & Environment, 31(1-3):121-149 (January, 2010)

Modeling Shifts in Willingness-To-Pay from a Bayesian Updating PerspectiveLand Economics, 85(2):308-328 (May, 2009)

Reports

What Motivates Households in Vulnerable Communities to Take Flood Preparedness Actions? Findings from Applied Research in Tabasco, Mexico” (with Ajita Atreya, Wouter Botzen, Gabriela Bustamante, Karen Campbell, Ben Collier, Alexandra Herrera, Francisco Ianni , Howard Kunreuther, Erwann Michel-Kerjan, Marilyn Montgomery, and Luis Perez Garcia) Zurich-Wharton Issue Brief (March 2016)

“Moving from Risk Assessment to Risk Reduction: An Economic Perspective on Decision Making in Natural Disasters” National Academy of Engineering. Frontiers of Engineering: Reports on Leading-Edge Engineering from the 2015 Symposium. Washington, DC: The National Academies Press, 2016 doi:10.17226/21825

“South Florida Freshwater Flooding and Groundwater Levels.” Risk Management Review – Wharton Risk Management and Decision Processes Center Newsletter (Fall 2015)

Why many individuals still lack flood protection: new findings” (with Erwann Michel-Kerjan, Wouter Botzen, Howard Kunreuther, Ajita Atreya, Karen Campbell, Ben Collier, and Marilyn Montgomery) – Zurich-Wharton Issue Brief (August 2015)

“The Role of Effective and Well-Enforced Building Codes in Reducing Wind Driven Losses: The Case of Florida” (with James Done and Kevin Simmons) – Project Report Submitted to the State of Florida Division of Emergency Management (July 2015)

A Community-Based Flood Insurance Option” (with Henry J. Vaux – chair, Lloyd Dixon, Robert Hirsch, Roger Kasperson, Robert Klein, Sandra Knight, David Maurstad, Sally McKonkey, Tommy Wright, Richard Zeckhauser, Ed Dunne, and Jeffrey Jacobs) National Academies of Sciences Report, Engineering, and Medicine. Washington, DC: The National Academies Press (July 2015)

“The role of building codes in reducing natural disaster property losses: Hailstorms in Missouri.” Risk Management Review – Wharton Risk Management and Decision Processes Center Newsletter (Fall 2014)

“Making Communities More Flood Resilient: The Role of Cost Benefit Analysis and other Decision-Support Tools in Disaster Risk Reduction” (with Wouter Botzen, Nathan Cooper, Adriana Keating, Howard Kunreuther, Reinhard Mechler, Colin McQuistan, Erwann Michel-Kerjan, and Ian O’Donnell), Wharton Risk Management and Decision Processes Center Report & Issue Brief, (September 2014)

“Operationalizing Resilience Against Natural Disaster Risk: Opportunities, Barriers and A Way Forward” (with Adriana Keating, Karen Campbell, Reinhard Mechler, Erwann Michel-Kerjan, Junko Mochizuki, Howard Kunreuther, JoAnne Bayer, Susanne Hanger, Ian McCallum, Linda See Keith Williges, Ajita Atreya, Wouter Botzen, Ben Collier, Stefan Hochrainer, Callahan Egan) Wharton Risk Management and Decision Processes Center Report & Issue Brief  (Winter 2014)

“A Proposed Framework for Assessing and Managing Risk From Natural Hazards” (with Lauren Alexander Augustine, Doug Bellomo, Gary Geernaert, Louis Gritzo, Steve Halperin, Stephanie Herring, Greg Holland, Charles Johnson-Bey, Anne Linn, Steven Schwager, and Alice Underwood), National Research Council of the National Academy of Sciences Scoping Document, (April 2013)

“Quantifying the Role of Effective and Well‐Enforced Building Codes in Reducing Natural Disaster Property Losses: The Case of Hail Storms in Missouri” (with Kevin Simmons) Wharton Risk Management and Decision Processes Center Issue Brief (Fall 2013)

“Analysis of Flood Insurance Protection: The Case of Rockaway Peninsula in New York City” (with Howard Kunreuther and Erwann Michel-Kerjan), Wharton Risk Management and Decision Processes Center Issue Brief (Summer 2013)

“Strengthening Resilience: NFIP Community Rating System Analysis for New York State” (with Howard Kunreuther and Erwann Michel-Kerjan), Wharton Risk Management and Decision Processes Center Issue Brief (Summer 2013)

“Review and Assessment of Consolidated Edison Company of New York, Inc. Weather and Impact Modeling”  (with Robert Meyer), Wharton Risk Management and Decision Processes Center Report (February, 2013)

“Assessing Tropical Cyclone Damage: Summary of Existing Research and Future Directions” (with James Done). Wharton Risk Management and Decision Processes Center Report (April, 2012)

A Methodological Approach for Pricing Flood Insurance and Evaluating Loss Reduction Measures: Application to Texas (with Howard Kunreuther and Erwann Michel-Kerjan). Wharton Risk Management and Decision Processes Center Report (December, 2011)

“Is It Time to Go Yet? Dynamically Modeling Hurricane Evacuations”
Florida International University International Hurricane Research Center Technical Report (June 2007)

Working Papers and Under Review

Tornado Damage Mitigation: Homeowner Support for Enhanced Building Codes in Oklahoma” (with Joe Ripberger, Kevin Simmons, Hank Jenkins-Smith, Carol Silva, and Howard Kunreuther) Revision requested at Risk Analysis

“Learning over time from FEMA’s Community Rating System and its Link to Flood Resilience Measurement” (with Ajita Atreya and Erwann Michel-Kerjan) under review at Southern Economic Journal symposium on flood risk and economics

“Improving U.S. Transportation Infrastructure Resilience through Insurance and Incentives” (with Gina Tonn and Howard Kunreuther), under review at The Geneva Papers on Risk and Insurance – Issues and Practices

“Cyber Risk and Insurance for Transportation Infrastructure” (with Gina Tonn, Jay Kesan, and Linfeng Zhang), under review at the International Journal of Critical Infrastructure Protection

Dr. Czajkowski’s research areas are the economics of natural hazards and environmental economics, principally focused on: the modeling of direct economic losses associated with natural hazard event occurrences such as hurricanes, flood, and hail; quantifying risk-based insurance premiums related to catastrophic events; estimating the benefits associated with short and long-term natural hazard preparation and mitigation activities; modeling and understanding economic decision making in the presence of a natural disaster; modeling the coastal and inland fatality risk associated with hurricane landfalls; and the economic valuation of environmental goods via revealed and stated preference techniques.

Managing and Financing Extreme Events Project 2017 Annual Meeting, Wharton Risk Management and Decision Processes Center. Philadelphia, PA (December 2017)

Critical Infrastructure Resiliency Institute Webinar, (December 2017)

The Willis Research Network Autumn Seminar. London, England (November 2017)

Economic Impact of Codes and Standards: A Workshop on Needs and Resources. Hosted by the International Code Council and the National Fire Protection Association. Washington DC (October 2017)

Association of State Floodplain Managers, 7th National Flood Mitigation and Nonstructural Flood Proofing Workshop. Iselin NJ (August 2017)

Environmental Defense Fund Emerging Issues Workshop: Building a Unifying and Efficient Research Roadmap to Incentivize Flood Hazard Mitigation. Washington DC (August 2017)

6th International Summit on Hurricanes and Climate Change: From Hazard to Impact. Crete, Greece (June 2017)

IIHR – Hydroscience and Engineering, University of Iowa. Iowa City, IA (May 2017)

RES/CON – the Global Resilience Summit. New Orleans (March 2017)

Resilient America Roundtable. Washington DC (February 2017)

South Florida Water Sustainability and Climate Project 2017 Annual Meeting. Jupiter, FL (January 2017)

Southern Economic Association 86th Annual Meeting. Washington DC (November 2016)

Managing and Financing Extreme Events Project 2016 Annual Meeting. Wharton Risk Management and Decision Processes Center, Philadelphia, PA (November 2016)

Engineering for Climate Extremes 4th Annual Meeting. Boulder CO (July 2016)

2nd Annual Joint Conference on the Management of Global Catastrophic Risks. Tallahassee, Florida (May 2016)

Southern Economic Association 85th Annual Meeting. New Orleans, LA (November 2015)

Managing and Financing Extreme Events Project 2015 Annual Meeting. Wharton Risk Management and Decision Processes Center, Philadelphia, PA (October 2015)

A Community Based Flood Insurance Option Webinar. (September 2015)

Climate Adaptation, Preparedness, and Resilience Seminar. Miami, FL (September 2015)

U.S. Frontiers of Engineering Symposium. National Academies’ Beckman Center Irvine, California (September 2015)

Verisk Insurance Services Office. Jersey City, NJ (August 2015)

Engineering for Climate Extremes 3rd Annual Meeting. Boulder CO (August 2015)

South Florida Water Sustainability and Climate Mid-Project Booster Shot Meeting. Miami, FL (August 2015)

NOAA-Wharton Risk Center Workshop. Washington DC (April 2015)

National Research Council of the National Academy of Sciences, Community-based Flood Insurance Options (Spring 2015)

Water Sustainability and Climate Investigator Meeting. Arlington, VA (February 2015)

South Florida Water Sustainability and Climate Project 2015 Annual Meeting. Naples, FL (January 2015)

Southern Economic Association 84th Annual Meeting. Atlanta, GA (November 2014)

National Center for Atmospheric Research, Rethinking Failure: Engineering for Climate Extremes Second Workshop. Boulder, CO (November 2014)

Managing and Financing Extreme Events. Annual Meeting, Wharton Risk Management and Decision Processes Center. Philadelphia, PA (November 2014)

VU University Department of Environmental Economics. Amsterdam, the Netherlands (September 2014)

Deltas in Times of Climate Change II. Rotterdam, the Netherlands (September 2014)

World Weather Open Science Conference. Montreal, Canada (August 2014)

American Risk and Insurance Association 2014 Annual Meeting. Seattle, WA (August 2014)

US THORPEX Legacy Planning Meeting. Silver Spring, MD (June 2014)

International Federation of the Red Cross (IFRC) Working Group on Cost Benefit Analysis Methodology. Geneva Switzerland (May 2014)

Verisk Commercial Property Roundtable. Orlando, FL (May 2014)

Florida International University Extreme Events Institute. Miami, FL (April 2014)

South Florida Water Sustainability and Climate Project Penalty Function Workshop. Miami, FL (March 2014)

Willis Re Managing the Extremes of the Insurance Roller Coaster. Philadelphia, PA (March 2014)

South Florida Water Sustainability and Climate Project 2014 Annual Meeting. Haines City, FL (January 2014)

Zurich Flood Resilience Annual Meeting. Zurich Switzerland (December 2013)

Transforming Mitigation Awareness into Action, IBHS Research Center. Richburg, SC (December 2013)

Managing and Financing Extreme Events Project Annual Meeting, Wharton Risk Management and Decision Processes Center. Philadelphia, PA (November 2013)

Wharton’s Meeting of the Minds on Flood Insurance. Philadelphia, PA (July 2013)

South Florida Water Sustainability and Climate Project, Modeling/Scenarios Project Workshop. Clewiston, FL (June 2013)

Association of State Floodplain Managers Annual Conference. Hartford, CT (June 2013)

National Center for Atmospheric Research. Boulder CO (May 2013)

Intermediaries and Reinsurance Underwriters Association Spring Conference. Bermuda (April 2013)

Assured Research Privatizing Flood Insurance Webinar. SNL Knowledge Center (March 2013)

North American Risk Model Writing Group Meeting. Washington DC (February and March 2013)

American Meteorological Society 93rd Annual Meeting. Austin, TX (January 2013)

Southern Economic Association 82nd Annual Meeting. New Orleans, LA (November 2012)

Overby-Seawell Company Annual Conference. Kennesaw, GA (October 2012)

Workshop on Statistical Applications to Climate Extremes. Zurich Switzerland (October 2012)

Managing and Financing Extreme Events Project 2012 Annual Meeting, Wharton Risk Management and Decision Processes Center. Philadelphia, PA (October 2012)

Deutsche Forschungsgemeinschaft (DFG) and the U.S. National Science Foundation Research Conference – Reckoning with the Risk of Catastrophe. Washington DC (October 2012)

US THORPEX Workshop – From Forecast Science to Societal Impacts. (September 2012)

Intermediaries and Reinsurance Underwriters Association Fall Conference. Florham Park, NJ (September 2012)

Center for Insurance Policy and Research Summit. Atlanta, GA (August 2012)

Torrent Technologies 5th Annual Client Appreciation and Education Seminar. Kalispell, MT (July 2012)

Hazards and Disasters Researchers Meeting. Broomfield, CO (July 2012)

Reinsurance Association of America Current Issues Forum. Philadelphia, PA (May 2012)

National Flood Conference 29th Annual Meeting. Austin, TX (May 2012)

National Flood Determination Association (NFDA) Annual Conference. Scottsdale AZ, (April 2012)

Willis Research Network Climate Risks Hub Meeting. London (February 2012)

Consolidated Edison Company of New York. Westchester, NY (December 2011)

Southern Economic Association 81st Annual Meeting. Washington, DC (November 2011)

Managing and Financing Extreme Events Project 2011 Annual Meeting, Wharton Risk Management and Decision Processes Center. Philadelphia, PA (October, 2011)

Hazards and Disasters Researchers Meeting. Broomfield, CO (July 2011)

Mississippi State University, Department of Agricultural Economics. Starkville, MS (April 2011)

National Hurricane Center. Miami, FL (March 2011)

Wharton School of the University of Pennsylvania, Risk Management and Decision Process Center. Philadelphia, PA (January 2011)

Southern Economic Association 80th Annual Meeting. Atlanta, GA (November, 2010)

Texas A&M Corpus Christi, Department of Economics. Corpus Christi, TX (October 2010)

Hazards and Disasters Researchers Meeting. Broomfield, CO (July 2010)

Florida Hurricane Alliance Workshop. Miami, FL (March 2010)

Southwest Decision Sciences Institute. Dallas, TX (March 2010)

National Evacuation Conference. New Orleans, LA (February 2010)

Southern Economic Association 79th Annual Meeting. San Antonio, TX (November, 2009)

Hurricane Floyd Symposium. Greenville, NC (September 2009)

Hazards and Disasters Researchers Meeting. Broomfield, CO (July 2009)

National Hurricane Center. Miami, FL (March 2009)

Southern Economic Association 78th Annual Meeting. Washington DC (November, 2008)

Hazards and Disasters Researchers Meeting. Broomfield, CO (July 2008)

Southern Economic Association 77th Annual Meeting. New Orleans, LA (November, 2007)

Texas A&M University, Department of Agricultural Economics. College Station, TX (November 2007)

Hazards and Disasters Researchers Meeting. Boulder, CO (July 2007)

21st Annual Governor’s Hurricane Conference. Fort Lauderdale, FL (May 2007)

1st Annual Symposium on Disasters, The Roosevelt Institution at Tulane University. New Orleans, LA (April 2007)

Florida Hurricane Alliance Workshop. Miami, FL (March 2007)

Camp Resources XIV. Wilmington, NC (August 2006)

Florida Hurricane Alliance Workshop. Miami, FL (March 2006)