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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/35104
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Belasen, Ariel R. | | en_US |
| dc.contributor.author | | Polachek, Solomon W. | | en_US |
| dc.date.accessioned | | 2008-09-09 | | en_US |
| dc.date.accessioned | | 2010-07-07T11:33:39Z | | - |
| dc.date.available | | 2010-07-07T11:33:39Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-2008032097 | | en_US |
| 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_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA discussion papers 3407 | | en_US |
| dc.subject.jel | | J23 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Exogenous shock | | en_US |
| dc.subject.keyword | | difference-in-difference estimation | | en_US |
| dc.subject.keyword | | local labor market | | en_US |
| dc.subject.keyword | | earnings | | en_US |
| dc.subject.keyword | | employment | | en_US |
| dc.subject.keyword | | sectoral shifts | | en_US |
| dc.subject.stw | | Sturm | | en_US |
| dc.subject.stw | | Regionaler Arbeitsmarkt | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.subject.stw | | Arbeitsmarkt | | en_US |
| dc.subject.stw | | Beschäftigung | | en_US |
| dc.subject.stw | | Lohn | | en_US |
| dc.subject.stw | | Florida | | en_US |
| dc.title | | How hurricanes affect employment and wages in local labor markets | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 577257005 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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