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Resilience to disaster: Evidence from American wellbeing data
Institution:1. Mohammed Bin Salman College, Bayla Sun Hejaz Boulevard, Unit No. 1, King Abdullah Economic City, Saudi Arabia;2. Centre for Health Economics, Monash Business School, Monash University, Melbourne, Victoria 3145, Australia;3. School of Economics and Finance and Centre for Behavioural Economics, Society and Technology (BEST), Queensland University of Technology, Brisbane, Queensland 4000, Australia
Abstract:As the severity and frequency of extreme weather events become more pronounced with climate change and the increased habitation of at-risk areas, it is important to understand people’s resilience to them. We quantify resilience by estimating how disasters in the US impacted individual wellbeing in the initial weeks and months post-disaster, and whether the effect sizes differed by individual- and county-level factors. The methodological approach contrasts changes in wellbeing in counties affected by disasters with that of residents in unaffected counties of the same state. We find that people’s hedonic wellbeing is reduced by approximately 6% of a standard deviation in the first two weeks following the event, with the effect diminishing rapidly thereafter. The negative effects are driven by White, older, and economically advantaged sub-populations, who exhibit less resilience. We find no evidence that existing indices of community resilience moderate impacts. Our conclusion is that most people in the US have a resilient response to extreme weather events.
Keywords:Resilience  Disaster  Extreme weather  Wellbeing
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