The effect of natural disasters on economic activity in US counties: A century of data
The effect of natural disasters on economic activity in US counties: A century of data
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DOI：
10.1016/j.jue.2020.103257
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发表时间：
2020-07-01
影响因子：
6.3
通讯作者：
Yanguas, Maria Lucia
中科院分区：
文献类型：
--
作者：
Boustan, Leah Platt;Kahn, Matthew E.;Yanguas, Maria Lucia
美国每年发生100多起自然灾害，造成广泛的伤亡和破坏。我们构建了1920年至2010年美国联邦政府指定的自然灾害的宇宙。我们发现，严重的灾害使县级人口迁出比例上升了1.5个百分点，房价/租金下降了2.5-5.0%。对较温和灾害的移民反应较小，但随着时间的推移一直在增加。经济对灾难的反应与当地生产率和劳动力需求的下降最为一致。传递更多有关未来灾害风险的信息的灾害会加快迁出的步伐。
More than 100 natural disasters strike the United States every year, causing extensive fatalities and damages. We construct the universe of US federally designated natural disasters from 1920 to 2010. We find that severe disasters increase out-migration rates at the county level by 1.5 percentage points and lower housing prices/rents by 2.5-5.0 percent. The migration response to milder disasters is smaller but has been increasing over time. The economic response to disasters is most consistent with falling local productivity and labor demand. Disasters that convey more information about future disaster risk increase the pace of out-migration.