The economic impacts of direct natural disaster exposure

Johar, M; Johnston, DW; Shields, MA; Siminski, P; Stavrunova, O

The economic impacts of direct natural disaster exposure

Johar, M Johnston, DW Shields, MA Siminski, P

Stavrunova, O

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Publisher:: ELSEVIER
Publication Type:: Journal Article
Citation:: Journal of Economic Behavior and Organization, 2022, 196, pp. 26-39
Issue Date:: 2022-04-01

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Field	Value	Language
dc.contributor.author	Johar, M
dc.contributor.author	Johnston, DW
dc.contributor.author	Shields, MA
dc.contributor.author	Siminski, P https://orcid.org/0000-0002-3099-8049
dc.contributor.author	Stavrunova, O https://orcid.org/0000-0001-9568-3753
dc.date.accessioned	2022-10-27T02:53:09Z
dc.date.available	2022-10-27T02:53:09Z
dc.date.issued	2022-04-01
dc.identifier.citation	Journal of Economic Behavior and Organization, 2022, 196, pp. 26-39
dc.identifier.issn	0167-2681
dc.identifier.issn	1879-1751
dc.identifier.uri	http://hdl.handle.net/10453/162736
dc.description.abstract	We estimate the economic impacts of having your home damaged or destroyed by a natural disaster. Regressions with individual, area and time fixed-effects, indicate that experiencing a natural disaster has no impact on employment and income, but substantial impacts on financial hardship and risk aversion. Impacts are particularly large for smaller isolated disasters, which attract little government support. Conversely, impacts of residing in a disaster zone without experiencing residential destruction are small. Using a Group Fixed Effects estimator, we find predictors of financial vulnerability to destruction include age, parenthood, illness, and social support. These results can help improve the allocation of government assistance after future disasters.
dc.language	English
dc.publisher	ELSEVIER
dc.relation.ispartof	Journal of Economic Behavior and Organization
dc.relation.isbasedon	10.1016/j.jebo.2022.01.023
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1401 Economic Theory, 1402 Applied Economics, 1403 Econometrics
dc.subject.classification	Economics
dc.title	The economic impacts of direct natural disaster exposure
dc.type	Journal Article
utslib.citation.volume	196
utslib.for	1401 Economic Theory
utslib.for	1402 Applied Economics
utslib.for	1403 Econometrics
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access	*
dc.date.updated	2022-10-27T02:53:05Z
pubs.publication-status	Published
pubs.volume	196

Abstract:

We estimate the economic impacts of having your home damaged or destroyed by a natural disaster. Regressions with individual, area and time fixed-effects, indicate that experiencing a natural disaster has no impact on employment and income, but substantial impacts on financial hardship and risk aversion. Impacts are particularly large for smaller isolated disasters, which attract little government support. Conversely, impacts of residing in a disaster zone without experiencing residential destruction are small. Using a Group Fixed Effects estimator, we find predictors of financial vulnerability to destruction include age, parenthood, illness, and social support. These results can help improve the allocation of government assistance after future disasters.

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http://hdl.handle.net/10453/162736