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How hurricanes affect employment and wages in local labor markets

机译:飓风如何影响当地劳动力市场的就业和工资

摘要

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 1ubc% for workers in Florida counties hit by less major Category 1-3 hurricanes. Concomitantly, employment falls between 1ubd 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.
机译:本文采用Ariel R. Belasen和Solomon W. Polachek(IZA讨论论文#2976)中概述的广义差异中的GDD技术来研究飓风对劳动力市场的影响。我们发现,在遭受重大4级或5级飓风袭击后,佛罗里达州县的普通工人的收入相对于未遭受袭击的县,增长了4%以上,而在佛罗里达州遭受打击的县的工人,其收入增长了约1 ubc%减少主要的1-3类飓风。同时,根据飓风强度,就业率介于1 ubd和5%之间。另一方面,飓风对邻近县的影响则相反,飓风袭击的季度使收入下降了3%至4%。为了更好地研究具体的冲击,我们还观察了部门就业的变化。最后,我们进行了时间序列分析,发现随着时间的流逝,在两年的时间内,有些蜘蛛网的收入和就业人数每个季度都在上升和下降。

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