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The Re-Building Effect of Hurricanes: Evidence from Employment in the US Construction Industry

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Author Info

  • Eric Strobl

    () (Ecole Polytechnique)

  • Frank Walsh

    () (University College Dublin)

Abstract

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 county level employment in construction of a little over 25 per cent.

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File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I4-P294.pdf
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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 29 (2009)
Issue (Month): 4 ()
Pages: 3059-3066

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Handle: RePEc:ebl:ecbull:eb-09-00619

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Related research

Keywords: hurricanes; labour demand; construction industry;

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References

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  1. Ariel R. Belasen & Solomon W. Polachek, 2009. "How Disasters Affect Local Labor Markets: The Effects of Hurricanes in Florida," Journal of Human Resources, University of Wisconsin Press, vol. 44(1).
  2. Varejão, José & Portugal, Pedro, 2007. "Spatial and Temporal Aggregation in the Estimation of Labor Demand Functions," IZA Discussion Papers 2701, Institute for the Study of Labor (IZA).
  3. Richard Blundell & Steve Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
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Cited by:
  1. Strobl, Eric, 2008. "The Economic Growth Impact of Hurricanes: Evidence from US Coastal Counties," IZA Discussion Papers 3619, Institute for the Study of Labor (IZA).
  2. Tatyana Deryugina, 2011. "The Dynamic Effects of Hurricanes in the US: The Role of Non-Disaster Transfer Payments," Working Papers 1107, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.

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