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https://hdl.handle.net/10419/35104
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Belasen, Ariel R. | en |
dc.contributor.author | Polachek, Solomon W. | en |
dc.date.accessioned | 2008-09-09 | - |
dc.date.accessioned | 2010-07-07T11:33:39Z | - |
dc.date.available | 2010-07-07T11:33:39Z | - |
dc.date.issued | 2008 | - |
dc.identifier.pi | urn:nbn:de:101:1-2008032097 | en |
dc.identifier.uri | http://hdl.handle.net/10419/35104 | - |
dc.description.abstract | This paper adopts a generalized-difference-in-difference (GDD) technique outlined in Ariel R. Belasen and Solomon W. Polachek (IZA Discussion Paper #2976) to examine the impact of hurricanes on the labor market. We find that earnings of the average worker in a Florida county rises over 4% within the first quarter of being hit by a major Category 4 or 5 hurricane relative to counties not hit, and rises about 1¼% for workers in Florida counties hit by less major Category 1-3 hurricanes. Concomitantly, employment falls between 1½ and 5% depending on hurricane strength. On the other hand, the effects of hurricanes on neighboring counties have the opposite effects, moving earnings down between 3 and 4% in the quarter the hurricane struck. To better examine the specific shocks, we also observe sectoral employment shifts. Finally, we conduct a time-series analysis and find that over time, there is somewhat of a cobweb with earnings and employment rising and falling each quarter over a two-year time period. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x3407 | en |
dc.subject.jel | J23 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Exogenous shock | en |
dc.subject.keyword | difference-in-difference estimation | en |
dc.subject.keyword | local labor market | en |
dc.subject.keyword | earnings | en |
dc.subject.keyword | employment | en |
dc.subject.keyword | sectoral shifts | en |
dc.subject.stw | Sturm | en |
dc.subject.stw | Regionaler Arbeitsmarkt | en |
dc.subject.stw | USA | en |
dc.subject.stw | Arbeitsmarkt | en |
dc.subject.stw | Beschäftigung | en |
dc.subject.stw | Lohn | en |
dc.subject.stw | Florida | en |
dc.title | How hurricanes affect employment and wages in local labor markets | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 577257005 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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