The Re-Building Effect of Hurricanes: Evidence from Employment in the US Construction Industry
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.
Volume (Year): 29 (2009)
Issue (Month): 4 ()
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