Hurricanes, Flood Risk and the Economic Adaptation of Businesses

Hurricanes, Flood Risk and the Economic Adaptation of Businesses
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飓风、洪水风险和企业的经济适应

DOI:
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发表时间:
2019
影响因子:
2.9
通讯作者:
and Süleyman Taṣpınar
and Süleyman Taṣpınar
中科院分区:
经济学2区
文献类型:
--
作者:
Agustín Indaco;Francesc Ortega;and Süleyman Taṣpınar

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我们使用包含纽约市所有商业机构的管理数据来分析企业如何在飓风桑迪(2012年10月)的背景下应对洪水。我们发现,洪水导致受影响企业的就业率(约4%)和平均工资(约2%)下降。纽约市某些地区(布鲁克林和皇后区)的影响要比其他地区(曼哈顿)大得多,也更持久。各行政区之间的异质性反映了洪水严重程度、建筑类型和行业构成的差异。洪水的影响也因行业和企业而异,在风暴后参与重建的部门经历了就业增长。洪水还导致设施关闭和搬迁到其他社区,这是一种适应洪水风险增加的形式。
We use administrative data containing all business establishments in New York City to analyze how businesses reacted to flooding in the context of Hurricane Sandy (October 2012). We find that flooding led to reductions in employment (of about 4%) and average wages (of about 2%) among the affected businesses. The effects were substantially larger and more persistent in some parts of the city (Brooklyn and Queens) than others (Manhattan). Heterogeneity across boroughs reflects differences in the severity of flooding, building types and industry composition. The effects of flooding also vary by industry and businesses in sectors involved in rebuilding after the storm experienced employment growth. Flooding also led to establishment closings and relocation to other neighborhoods, which is a form of adaptation to increased flood risk.
DOI: 10.1257/mac.20180366
发表时间: 2021-04-01
影响因子: 6
作者:
Desmet, Klaus;Kopp, Robert E.;Strauss, Benjamin H.
通讯作者: Strauss, Benjamin H.