The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico

Alessandro Barattieri, Patrice Borda, Alberto Brugnoli, Martino Pelli and Jeanne Tschopp

Ecological Economics, 2023, vol. 205, issue C

Abstract: We study the short-run, dynamic employment effects of natural disasters. We exploit monthly data for 70 3-digits NAICS industries and 78 Puerto Rican counties over the period 1995–2019. 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 falls by 0.5% on average. Across industries, we find substantial heterogeneity in the employment responses. Employment increases in some industries while in others employment decreases after a hurricane. This heterogeneity can be partly explained by input–output linkages.

Keywords: Hurricanes; Employment; High-frequency data; Local projections (search for similar items in EconPapers)
JEL-codes: E24 Q54 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Working Paper: The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:205:y:2023:i:c:s0921800922003548

DOI: 10.1016/j.ecolecon.2022.107693

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