IDEAS home Printed from https://ideas.repec.org/p/chf/rpseri/rp2568.html
   My bibliography  Save this paper

Natural Disasters and the Real Effect of Skilled Labor Mobility

Author

Listed:
  • Yuna Heo

    (University of Basel - Faculty of Business and Economics; Swiss Finance Institute)

  • S. Ghon Rhee

    (University of Hawaii at Manoa - Shidler College of Business; University of Hawaii at Manoa - Department of Financial Economics and Institutions)

Abstract

This study investigates the effects of skilled labor mobility as a response to climate disasters. Based on a novel measure of firm-level skilled labor mobility, we identify that skilled labor mobility exposed to climate disasters leads to increased liquidity buffers whereas routine-task labor does not. Additionally, firms with skilled labor mobility exposed to frequent climate disasters experience a decrease in sales growth and market shares, while firms with more routine-task labor remain unaffected. Furthermore, state-level climate adaptation policies can mitigate the adverse effects of climate disasters. Overall, the findings suggest that skilled labor mobility increases the cost of labor adjustment induced by climate change, but adaptation actions promote resilience to the challenges caused by labor market frictions.

Suggested Citation

  • Yuna Heo & S. Ghon Rhee, 2025. "Natural Disasters and the Real Effect of Skilled Labor Mobility," Swiss Finance Institute Research Paper Series 25-68, Swiss Finance Institute.
    • Handle: RePEc:chf:rpseri:rp2568
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5393032
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:chf:rpseri:rp2568. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ridima Mittal (email available below). General contact details of provider: https://edirc.repec.org/data/fameech.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.