标题： 风暴过后的安置-紧急援助与驱逐 显示英文标题

标题： Keeping in Place After the Storm-Emergency Assistance and Evictions

摘要： 我们提供证据表明，在自然灾害发生后的几天内，联邦紧急援助（FEMA）相较于没有提供FEMA援助的类似紧急情况，能够减轻驱逐事件。研究发现，在飓风灾害事件后总体驱逐事件增加了16%，这一增长可以分解为未获得FEMA租金援助的家庭驱逐事件增加了36%，而获得FEMA援助的家庭驱逐事件仅增加了11%。 此外，我们还表明，FEMA援助充当了其他形式紧急信贷的流动性缓冲。具体来说，我们发现在获得FEMA援助的地区，飓风事件期间发薪日贷款的交易量保持稳定，并且违约率降低了19%。 这一效果在未获得FEMA援助的地区基本逆转，这些地区的交易量下降了12%，并且违约率与基线相比保持相似。 总体而言，这表明自然灾害期间应急流动性的可用性确实是一个具有实际家庭财务后果的约束条件，特别是在通过我们记录的驱逐渠道和高成本信贷使用方面。 显示英文摘要

摘要： We offer evidence that federal emergency assistance (FEMA) in the days following natural disasters mitigate evictions in comparison to similar emergency scenarios where FEMA aid is not provided. We find a 16% increase in overall evictions after hurricane natural disaster events that can be decomposed to a 36% increase for those that do not receive FEMA rental assitance and only a 11% for hurricane events that do receive FEMA aid. Furthermore, we also show that FEMA aid acts as a liquidity buffer to other forms of emergency credit, specifically we find that both transactions volumes remain stable and result in a decrease in defaults by 19% in payday loans during hurricane events in locations that do receive FEMA aid. This effect largely reverses in areas that do not receive FEMA aid, where transaction volumes drop by 12\% and default rates remain similar relative to the baseline. Overall, this suggests that the availability of emergency liquidity during natural disaster events is indeed a binding constraint with real household financial consequences, in particular through our documented channel of evictions and in usage of high-cost credit.