The Re-Building Effect of Hurricanes: Evidence from Employment in the US Construction Industry
Ecole Polytechnique, Paris - Department of Economic Sciences; Institute for the Study of Labor (IZA)
National University of Ireland - University College Dublin
IZA Discussion Paper No. 3544
We examine the impact of hurricane strikes on the construction industry in US counties. To this end we use a measure of hurricane destruction derived from a wind field model and historical hurricane track data and employ this within a dynamic labour demand framework. Our results show that destruction due to hurricanes causes on average an increase in country level employment in construction of a little over 25 per cent.
Number of Pages in PDF File: 15
Keywords: hurricanes, labour demand, construction industry
JEL Classification: J23, Q54
Date posted: June 16, 2008
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