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RWP 17-09, September 2017 

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.

JEL Classification: Q54, D12

Article Citation

  • 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 External Link