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dc.contributor.authorBelasen, Ariel R.en_US
dc.contributor.authorPolachek, Solomon W.en_US
dc.date.accessioned2008-09-09en_US
dc.date.accessioned2010-07-07T11:33:39Z-
dc.date.available2010-07-07T11:33:39Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008032097en_US
dc.identifier.urihttp://hdl.handle.net/10419/35104-
dc.description.abstractThis 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.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3407en_US
dc.subject.jelJ23en_US
dc.subject.ddc330en_US
dc.subject.keywordExogenous shocken_US
dc.subject.keyworddifference-in-difference estimationen_US
dc.subject.keywordlocal labor marketen_US
dc.subject.keywordearningsen_US
dc.subject.keywordemploymenten_US
dc.subject.keywordsectoral shiftsen_US
dc.subject.stwSturmen_US
dc.subject.stwRegionaler Arbeitsmarkten_US
dc.subject.stwUSAen_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwBeschäftigungen_US
dc.subject.stwLohnen_US
dc.subject.stwFloridaen_US
dc.titleHow hurricanes affect employment and wages in local labor marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn577257005en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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