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A Shore Thing: Post-Hurricane Outcomes for Businesses in Coastal Areas

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  • Melissa Chow
  • Jordan Stanley

Abstract

During the twenty-first century, hurricanes, heavy storms, and flooding have affected many areas in the United States. Natural disasters and climate change can cause property damage and could have an impact on a variety of business outcomes. This paper builds upon existing research and literature that analyzes the impact of natural disasters on businesses. Specifically, we look at the differential effect of eight hurricanes during the period 2000-2009 on establishments in coastal counties relative to establishments in coastal-adjacent or inland counties. Our outcomes of interest include establishment employment and death. We find that following a hurricane event, establishments located in a coastal county have lower employment and increased probability of death relative to establishments in non-coastal counties.

Suggested Citation

  • Melissa Chow & Jordan Stanley, 2020. "A Shore Thing: Post-Hurricane Outcomes for Businesses in Coastal Areas," Working Papers 20-27, Center for Economic Studies, U.S. Census Bureau.
    • Handle: RePEc:cen:wpaper:20-27
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    File URL: https://www2.census.gov/ces/wp/2020/CES-WP-20-27.pdf
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    References listed on IDEAS

    as
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    7. Olga Filippova & Cuong Nguyen & Ilan Noy & Michael Rehm, 2020. "Who Cares? Future Sea Level Rise and House Prices," Land Economics, University of Wisconsin Press, vol. 96(2), pages 207-224.
    8. Ariel R. Belasen & Solomon W. Polachek, 2009. "How Disasters Affect Local Labor Markets: The Effects of Hurricanes in Florida," Journal of Human Resources, University of Wisconsin Press, vol. 44(1).
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    More about this item

    Keywords

    hurricane; natural disaster; coasts; employment; exit.;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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