How Disasters Affect Local Labor Markets
By Ariel R. Belasen, Solomon W. Polachek. The Journal of human resources, 2012
166 citations recorded by the source corpus.
This study improves upon the Difference in Difference approach by examining exogenous shocks using a Generalized Difference in Difference (GDD) technique that identifies economic effects of hurricanes. Based on the Quarterly Census of Employment and Wages data, worker earnings in Florida counties hit by a hurricane increase up to 4 percent, whereas earnings in neighboring counties decrease. Over time, workers experience faster earnings and slower employment growth than workers in unaffected counties. Hurricanes have a greater impact in coastal and Panhandle counties, and powerful hurricanes have greater economic effects than weaker ones. Further, the GDD technique is applicable to analyze a wider range of exogenous shocks than hurricanes.
Subfields: Civil and Structural Engineering, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/9ed73f4688e691a97ac2c6594f0a2e7d821deb6a
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In Civil and Structural Engineering
In Sociology and Political Science
Citations in the corpus
- Natural disasters and labor markets (2017, background): “Belasen and Polachek (2008, 2009) investigate the labor market consequences of hurricanes in Florida, exploiting di↵erences in county-level earnings and employment rates calculated from quarterly data.”