The effect of natural disasters on economic activity in US counties: A century of data
By L. Boustan, Matthew E. Kahn, Paul W. Rhode, Maria Lucia Yanguas. Journal of Urban Economics, 2020
369 citations recorded by the source corpus.
More than 100 natural disasters strike the United States every year, causing extensive fatalities and damages. We construct the universe of US federally designated natural disasters from 1920 to 2010. We find that severe disasters increase out-migration rates at the county level by 1.5 percentage points and lower housing prices/rents by 2.5–5.0 percent. The migration response to milder disasters is smaller but has been increasing over time. The economic response to disasters is most consistent with falling local productivity and labor demand. Disasters that convey more information about future disaster risk increase the pace of out-migration.
Subfields: Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/87046cf3c8346afd67ac2645036195be27e72a3a
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In Sociology and Political Science
Citations in the corpus
- Storms and Jobs: The Effect of Hurricanes on Individuals’ Employment and Earnings over the Long Term (2020, background): “However, these outcomes cannot be entirely ascribed to the original affected residents because some of these residents may leave the area andmigrants moving into the area may be the ones experiencing these outcomes (Strobl 2011; Sisk and Bankston 2014; Boustan et al. 2017). Given that a substantial ”