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
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Patrice Borda: CREDDI - Centre de Recherche en Economie et en Droit du Développement Insulaire [UR7_2] - UA - Université des Antilles
Alberto Brugnoli: UniBg - Università degli Studi di Bergamo = University of Bergamo
Jeanne Tschopp: UNIBE - Universität Bern = University of Bern = Université de Berne

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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)
Date: 2023-03
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Citations: View citations in EconPapers (3)

Published in Ecological Economics, 2023, 205, pp.107693. ⟨10.1016/j.ecolecon.2022.107693⟩

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Journal Article: 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:hal:journl:hal-03926031

DOI: 10.1016/j.ecolecon.2022.107693

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