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Income and Extratropical Cyclones in New Zealand

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dc.contributor.author Apurba, Roy
dc.contributor.author Ilan, Noy
dc.contributor.author Harold E., Cuffe
dc.date.accessioned 2021-12-13T02:10:28Z
dc.date.accessioned 2022-07-12T02:56:26Z
dc.date.available 2021-12-13T02:10:28Z
dc.date.available 2022-07-12T02:56:26Z
dc.date.copyright 2021
dc.date.issued 2021
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/21117
dc.description.abstract Aotearoa New Zealand is highly vulnerable to extratropical cyclones because of its unique location in the midlatitude south pacific region. This study empirically investigates the impact of the extratropical cyclones on individual income, combining the data from Statistics New Zealand’s Integrated Data Infrastructure (IDI) and the weather-related insurance claims data from the Earthquake Commission. Our sample covers the administrative longitudinal panel data of all the IRD registered individual taxpayers between 2010 and 2019. We estimate a set of panel regressions with individual and time-fixed effects to assess the impact of extratropical cyclones on the affected individual’s annual income. We find that income from salaries and wages is negatively affected by the cyclones across various specifications. Extratropical cyclones also negatively affect the total individual income from wages and salaries, benefit and compensation, and sole tradership. However, we have limited success in identifying individual characteristics influencing the affected people's income level in our study. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries SEF Working Paper; 03/2021 en_NZ
dc.rights http://www.victoria.ac.nz/sef/research/sef-working-papers en_NZ
dc.subject Extratropical Cyclone en_NZ
dc.subject Disaster Insurance en_NZ
dc.subject Earthquake Commission en_NZ
dc.subject New Zealand en_NZ
dc.subject Incomes en_NZ
dc.title Income and Extratropical Cyclones in New Zealand en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.anzsrcfor 149999 Economics not elsewhere classified en_NZ
vuwschema.subject.marsden 140299 Applied Economics not elsewhere classified en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 389999 Other economics not elsewhere classified en_NZ

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