Hurricanes, Flood Risk and the Economic Adaptation of Businesses
Hurricanes, Flood Risk and the Economic Adaptation of Businesses
复制标题
飓风、洪水风险和企业的经济适应
DOI:
--
复制
发表时间:
2019
影响因子:
2.9
通讯作者:
and Süleyman Taṣpınar
中科院分区:
文献类型:
--
作者:
Agustín Indaco;Francesc Ortega;and Süleyman Taṣpınar
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.
影响因子:
6
作者:
Desmet, Klaus;Kopp, Robert E.;Strauss, Benjamin H.
通讯作者:
Strauss, Benjamin H.