The Short-Run, Dynamic Employment Effects of Natural Disasters: New Insights

Alessandro Barattieri, Patrice Borda, Alberto Brugnoli, Martino Pelli and Jeanne Tschopp
Additional contact information
Patrice Borda: Université des Antilles
Alberto Brugnoli: University of Bergamo
Jeanne Tschopp: University of Bern

No 21-06, Working Papers from Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management

Abstract: We study the short-run, dynamic employment effects of natural disasters. We exploit monthly data for over 90 3-digits NAICS industries and 78 Puerto Rican counties over the period 1995-2017. Our exogenous measure of exposure to natural disasters is computed using the maximum wind speed recorded in each county during each hurricane. Using panel local projections, we find that after the "average" hurricane, employment and wages fall by 1% on average. The effects peak after six months and disappear within two years. Across industries, we find substantial heterogeneity in the employment responses. This heterogeneity can be partly explained by input-output linkages.

Keywords: Natural Disasters; Employment; High-Frequency Data; Local Projections. (search for similar items in EconPapers)
JEL-codes: E24 Q54 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2021-06
New Economics Papers: this item is included in nep-env and nep-ure
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published, Ecological Economics

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https://chairemacro.esg.uqam.ca/wp-content/uploads/sites/146/manuscriptBBBPT.pdf Revised version, 2020 (application/pdf)

Related works:
Working Paper: The Short-Run, Dynamic Employment Effects of Natural Disasters: New Insights (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:bbh:wpaper:21-06

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