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How Disasters Affect Local Labor Markets: The Effects of Hurricanes in Florida

How Disasters Affect Local Labor Markets: The Effects of Hurricanes in Florida Abstract: This study improves upon the Difference in Difference approach by examining exogenous shocks using a Generalized Difference in Difference (GDD) technique that identifies economic effects of hurricanes. Based on the Quarterly Census of Employment and Wages data, worker earnings in Florida counties hit by a hurricane increase up to 4 percent, whereas earnings in neighboring counties decrease. Over time, workers experience faster earnings and slower employment growth than workers in unaffected counties. Hurricanes have a greater impact in coastal and Panhandle counties, and powerful hurricanes have greater economic effects than weaker ones. Further, the GDD technique is applicable to analyze a wider range of exogenous shocks than hurricanes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resources University of Wisconsin Press

How Disasters Affect Local Labor Markets: The Effects of Hurricanes in Florida

Journal of Human Resources , Volume 44 (1) – Apr 4, 2009

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Publisher
University of Wisconsin Press
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Copyright © University of Wisconsin Press
ISSN
1548-8004
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Abstract

Abstract: This study improves upon the Difference in Difference approach by examining exogenous shocks using a Generalized Difference in Difference (GDD) technique that identifies economic effects of hurricanes. Based on the Quarterly Census of Employment and Wages data, worker earnings in Florida counties hit by a hurricane increase up to 4 percent, whereas earnings in neighboring counties decrease. Over time, workers experience faster earnings and slower employment growth than workers in unaffected counties. Hurricanes have a greater impact in coastal and Panhandle counties, and powerful hurricanes have greater economic effects than weaker ones. Further, the GDD technique is applicable to analyze a wider range of exogenous shocks than hurricanes.

Journal

Journal of Human ResourcesUniversity of Wisconsin Press

Published: Apr 4, 2009

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