Temperature, climate change, and household financial behaviour: Evidence from Viet Nam

Sefa Awaworyi Churchill, Trong-Anh Trinh and Michael Danquah

No wp-2023-95, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We examine the impact of temperature shocks and climate change on household financial behaviour in Viet Nam. To do so, we first estimate the effect of temperature on household borrowing and savings using Vietnamese longitudinal data that matches satellite reanalysis temperature data with household information over the period 2008 to 2016. We find that an additional day with an average temperature of greater than 30°C, relative to the number of days in the 18-22°C range, is associated with a 6.3 per cent decrease in household savings and a 1.4 per cent increase in household borrowing.

Keywords: Temperature; Weather shock; Climate change; Saving; Viet Nam (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-agr, nep-dev, nep-env and nep-sea
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