Full Citation

Title: The Impact of Natural Disasters on US Home Ownership

Citation Type: Journal Article

Publication Year: 2019

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ISSN:

DOI: https://doi.org/10.1086/705398

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Abstract: Natural disasters are predicted to become more severe with climate change. Research on impacts of natural disasters on housing markets is mostly limited to hedonic property studies and does not consider impacts on home ownership. Combining historical data on natural disasters in the US with household data, we use a di§erencesin-di§erences approach to estimate the e§ects of natural disasters on home ownership rates. Results indicate a three to Öve percentage point decrease in the home ownership rate among households that migrate to areas hit by severe natural disasters. An updating of risk priors given additional information regarding recent disasters may be responsible for such decreases. These results improve our understanding of how natural disasters impact housing markets and inform urban policy responses to climate change.

User Submitted?: No

Authors: Sheldon, Tamara, L; Zhan, Crystal

Periodical (Full): Journal of the Association of Environmental and Resource Economists

Issue: 6

Volume: 6

Pages: 1169-1203

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other

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