The impact of typhoons on household consumption and saving patterns in the Philippines
Date
2014-12
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Abstract
Using ordinary least-squares regression analysis, this study estimates the impact of typhoons on the consumption and savings patterns of households in the Philippines utilizing the Family Income Expenditure Survey from Philippine Statistical Authority (formerly National Statistics Office) and typhoon data from the unpublished records of PAGASA and NDRRMC. It has been found that (1) aggregate household expenditure declines as typhoons intensify, (2) households adjust different expenditure components differently as a response to typhoons and (3) effect of typhoon occurrence and intensity on household savings is ambiguous.
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Keywords
Household consumption, Saving pattern, Typhoon