Replication data for: The Fiscal Cost of Hurricanes: Disaster Aid versus Social Insurance

Principal Investigator(s):  View help for Principal Investigator(s) Tatyana Deryugina

Version:  View help for Version V1

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Project Citation: 

Deryugina, Tatyana. Replication data for: The Fiscal Cost of Hurricanes: Disaster Aid versus Social Insurance. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114620V1

Project Description

Summary:  View help for Summary Little is known about the fiscal costs of natural disasters, especially regarding social safety nets that do not specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster government transfers, such as unemployment insurance and public medical payments, in affected counties in the decade after a hurricane. The present value of this increase significantly exceeds that of direct disaster aid. This implies, among other things, that the fiscal costs of natural disasters have been significantly underestimated and that victims in developed countries are better insured against them than previously thought.

Scope of Project

Subject Terms:  View help for Subject Terms economic impacts; natural disasters
JEL Classification:  View help for JEL Classification
      H51 National Government Expenditures and Health
      H53 National Government Expenditures and Welfare Programs
      H84 Disaster Aid
      J65 Unemployment Insurance; Severance Pay; Plant Closings
      Q54 Climate; Natural Disasters and Their Management; Global Warming
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1/1/1969 – 12/31/2012
Universe:  View help for Universe United States
Data Type(s):  View help for Data Type(s) administrative records data; event/transaction data; observational data; aggregate data

Methodology

Data Source:  View help for Data Source National Oceanic and Atmospheric Administration; Regional Economic Information Systems
Unit(s) of Observation:  View help for Unit(s) of Observation county by year,

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Published Versions

V1 [2019-10-13]

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