Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/282609 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 16482
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
The influx of climate migrants could challenge many communities in the coming decades. In this study, we estimate the effects of Puerto Rican migration on the financial health of residents in receiving communities after Hurricane Maria. On the one hand, migrants can compete for jobs or crowd out access to governmental safety net programs, contributing to declines in the financial health of residents of the hosting communities. On the other hand, migrants might fill labor market needs and increase the consumption of locally produced goods, helping to stimulate the community's economy. We find little evidence that Puerto Rican migrants negatively impacted the credit health outcomes – such as credit scores and delinquency rates - of residents in receiving communities, even three years after their arrival. On the contrary, existing homeowners in Hispanic communities in Central Florida improved their financial well-being after the arrival of migrants. To help explain this finding, we show suggestive evidence that homeowners might have financially benefited from an increase in their housing value after the arrival of migrants.
Schlagwörter: 
migration
financial health
housing markets
JEL: 
G51
R23
I31
Dokumentart: 
Working Paper

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