The Effect of Winter Weather on U.S. Economic Activity
20 Pages Posted: 26 Apr 2015
Date Written: March 1, 2015
The authors’ findings support the view that weather has a significant, but short-lived, effect on economic activity. Except for a few industries, which are affected importantly (such as utilities, construction, hospitality and to a lesser extent retail), the effect is not very big, so that even the fairly bad weather during the 2013-14 winter cannot account entirely for the weak economy during that period. Other factors must have been at play.
Keywords: weather, climate, snow, precipitation, temperature, employment, economic disruption
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