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 country level employment in construction of a little over 25 per cent.
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w200704, Banco de Portugal, Economics and Research Department.
- 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).
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