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Household Sorting as Adaptation to Hurricane Risk in the United States

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  • Qin Fan
  • Laura A. Bakkensen

Abstract

We employ a structural model of location choice to estimate household sorting across the United States in response to hurricane risk. Using spatially detailed projections of future hurricane energy, we simulate regional population shifts and welfare effects of hurricane risk–induced migration in 2100. We find heterogeneous responses to hurricane risk for households that vary by number of children, age, educational attainment, and prior exposure to hurricane risk. Under future hurricane risk, although changes are small, we find declines in regional population shares along the hurricane-prone coasts and negative overall welfare effect. However, ignoring the spatial heterogeneity of hurricanes underestimates these effects.

Suggested Citation

  • Qin Fan & Laura A. Bakkensen, 2022. "Household Sorting as Adaptation to Hurricane Risk in the United States," Land Economics, University of Wisconsin Press, vol. 98(2), pages 219-238.
    • Handle: RePEc:uwp:landec:v:98:y:2022:i:2:p:219-238
    Note: DOI: 10.3368/le.98.2.111319-0162R1
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    File URL: http://le.uwpress.org/cgi/reprint/98/2/219
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    Cited by:

    1. Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
    2. Marie Lautrup & Lasse Læbo Matthiesen & Jette Bredahl Jacobsen & Toke Emil Panduro, 2023. "Welfare Effects and the Immaterial Costs of Coastal Flooding," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(2), pages 415-441, June.

    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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