The Impact of Tropical Storms on Households: Evidence from Panel Data on Consumption. (15th July 2019)
- Record Type:
- Journal Article
- Title:
- The Impact of Tropical Storms on Households: Evidence from Panel Data on Consumption. (15th July 2019)
- Main Title:
- The Impact of Tropical Storms on Households: Evidence from Panel Data on Consumption
- Authors:
- Henry, Michael
Spencer, Nekeisha
Strobl, Eric - Abstract:
- Abstract: This paper investigates the impact of tropical storms on Jamaican household consumption. We build a panel data set that follows individual households over time thus enabling us to take account of time invariant household and location unobservables that could be correlated with mean tropical storm exposure. Our results show that while the average damaging hurricane reduces per capita consumption by approximately 1.1%, more destructive events can cause losses multiple times this amount. There are, however, heterogeneous impacts across households, where only those that live in buildings with less wind resistant walls are affected. Additionally, we find that households are able to partially buffer the negative impact on consumption through remittances and savings, as well as by shifting funds away from non‐regular expenditures. Again, households differ in the nature of this buffering according to the wind resistance of their buildings.
- Is Part Of:
- Oxford bulletin of economics and statistics. Volume 82:Number 1(2020)
- Journal:
- Oxford bulletin of economics and statistics
- Issue:
- Volume 82:Number 1(2020)
- Issue Display:
- Volume 82, Issue 1 (2020)
- Year:
- 2020
- Volume:
- 82
- Issue:
- 1
- Issue Sort Value:
- 2020-0082-0001-0000
- Page Start:
- 1
- Page End:
- 22
- Publication Date:
- 2019-07-15
- Subjects:
- Economic history -- Periodicals
Great Britain -- Economic conditions -- Periodicals
330.9 - Journal URLs:
- http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-0084 ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/obes.12328 ↗
- Languages:
- English
- ISSNs:
- 0305-9049
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 6320.640000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 12682.xml