| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27542 |
| 来源ID | Working Paper 27542 |
| How Hurricanes Sweep Up Housing Markets: Evidence from Florida | |
| Joshua S. Graff Zivin; Yanjun Liao; Yann Panassie | |
| 发表日期 | 2020-07-20 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper examines the impacts of hurricanes on the housing market and the associated implications for local population turnover. We first characterize the post-hurricane equilibrium dynamics in local housing markets using microdata from Florida during 2000-2016. Our results show that hurricanes cause an increase in equilibrium prices and a concurrent decrease in transactions in affected areas, both lasting up to three years. Together, these dynamics imply a negative transitory shock to the housing supply as a consequence of the hurricane. Furthermore, we match buyer characteristics from mortgage applications to provide the first buyer-level evidence on population turnover. We find that incoming homeowners in this period have higher incomes, leading to an overall shift in the local economic profile toward higher-income groups. Our findings suggest that market responses to destructive natural disasters can lead to uneven and lasting demographic changes in affected communities, even with a full recovery in physical capital. |
| 主题 | Labor Economics ; Demography and Aging ; Environmental and Resource Economics ; Environment ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w27542 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585215 |
| 推荐引用方式 GB/T 7714 | Joshua S. Graff Zivin,Yanjun Liao,Yann Panassie. How Hurricanes Sweep Up Housing Markets: Evidence from Florida. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27542.pdf（6525KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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