IDEAS home Printed from https://ideas.repec.org/p/bbh/wpaper/21-06.html
   My bibliography  Save this paper

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

Author

Listed:
  • Alessandro Barattieri

    (University of Quebec in Montreal)

  • Patrice Borda

    (Université des Antilles)

  • Alberto Brugnoli

    (University of Bergamo)

  • Martino Pelli

    (University of Sherbrooke)

  • Jeanne Tschopp

    (University of Bern)

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.

Suggested Citation

  • Alessandro Barattieri & Patrice Borda & Alberto Brugnoli & Martino Pelli & Jeanne Tschopp, 2021. "The Short-Run, Dynamic Employment Effects of Natural Disasters: New Insights," Working Papers 21-06, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    • Handle: RePEc:bbh:wpaper:21-06
    as

    Download full text from publisher

    File URL: https://chairemacro.esg.uqam.ca/wp-content/uploads/sites/146/manuscriptBBBPT.pdf
    File Function: Revised version, 2020
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Meier, Sarah & Elliott, Robert J.R. & Strobl, Eric, 2023. "The regional economic impact of wildfires: Evidence from Southern Europe," Journal of Environmental Economics and Management, Elsevier, vol. 118(C).
    2. Naguib, Costanza & Pelli, Martino & Poirier, David & Tschopp, Jeanne, 2022. "The impact of cyclones on local economic growth: Evidence from local projections," Economics Letters, Elsevier, vol. 220(C).

    More about this item

    Keywords

    Natural Disasters; Employment; High-Frequency Data; Local Projections.;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bbh:wpaper:21-06. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dalibor Stevanovic and Alain Guay (email available below). General contact details of provider: https://edirc.repec.org/data/cmuqmca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.