IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.
Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.
F1d Impact of Floods and Wildfires on Household Finance
Short Description
Scientific literature has established that the frequency and intensity of flood and wildfire events is rising, and this increase is directly attributed to climate change (IPCC 2012). Increasing changes in precipitation, wind, and temperatures are markers of climate change, and the manifestation of these changes as flood and wildfire events directly affects human well-being. A growing body of research estimates the impacts of natural disasters on outcomes such as health and aggregate economic growth but only little work sheds light on the effects of disasters on household finances. Households may plan for low probability natural events by purchasing insurance. However, these external shocks often result in high unanticipated expenses, that affect the financial stability of the household. This paper attempts to identify aspects of household finance affected by such external shocks, and estimate their magnitude. Using event occurrences in the contiguous United States on floods (SED-NOAA), wildfires (MTBS-USGS), disaster proclamations (FEMA) we estimate the impact of these events on the financial well-being of individual households. We use detailed household finance information obtained from the Panel Study of Income Dynamics (PSID) to estimate changes in household finance parameters.
Type of presentation
Accepted Oral Presentation