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 by expanding FILTERS.
Confirm your place in the schedule by following the instructions 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.
A3b Flood Events and Precautionary Savings
Short Description
Floods are the most frequent and severe natural disasters in the U.S., and their occurrence is expected to increase (Wing et al., 2022). By combining and aggregating household characteristics from NFCS data with flood events from NOAA data at the county level between 2007 and 2023, this study finds evidence that households have some capacity to anticipate future flood damages to property and are more likely to hold precautionary savings. In contrast, there is insufficient evidence that flood frequency plays a significant role in the propensity to hold precautionary savings.
Specifically, if property damage is expected to double over the next two years, the proportion of households with emergency savings in an average county increases by 0.12%. The two-way fixed-effects estimation controls for county and time factors, in addition to the included control variables.
Type of presentation
Accepted Oral Presentation