The income consequences of a managed retreat

Thoa Hoang and Ilan Noy

Regional Science and Urban Economics, 2023, vol. 100, issue C

Abstract: Managed retreat is the relocation of households out of harm's way. After the 2011 Christchurch (New Zealand) earthquake, around 16000 people were thus relocated in a managed retreat program. We use administrative panel data (2004–2018) to identify the effects of this managed retreat on the relocated population. We find that, compared to the non-relocated residents, the relocated population experienced a significant initial decrease in their wages, and in their total income. Wages of those who were relocated were reduced by around $NZ 1900. Women faced greater absolute and relative decreases in wages. This finding has direct implications for the compensation packages that should be proposed for managed retreat programs.

Keywords: Climate change adaptation; Managed retreat; Income; Displacement (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2023
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Working Paper: The Income Consequences of Managed Retreat (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:100:y:2023:i:c:s0166046223000315

DOI: 10.1016/j.regsciurbeco.2023.103896

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