Financial Vulnerability and Personal Finance Outcomes of Natural Disasters
I examine whether financial vulnerability (or “financial preparedness”) affects financial outcomes after a hurricane. Modeling hurricanes as “treatments” and interacting them with variables from consumer credit reports, I find that the financial vulnerability of residents in affected census tracts is associated with poorer financial outcomes. Considering lags, financial vulnerability has a considerable effect on personal finance outcomes after a hurricane.
Download paper, RWP 17-09, September 2017
JEL Classification: Q54, D12
- Edmiston, Kelly D. 2017. "Financial Vulnerability and Personal Finance Outcomes of Natural Disasters." Federal Reserve Bank of Kansas City, Research Working Paper 17-09, September. Available at https://doi.org/10.18651/RWP2017-09