The effect of natural disasters on economic activity in US counties: A century of data

被引：128
作者：
Boustan, Leah Platt [1 ,2 ]
Kahn, Matthew E. [2 ,3 ]
Rhode, Paul W. [2 ,4 ]
Yanguas, Maria Lucia [5 ]
机构：
[1] Princeton Univ, Princeton, NJ 08544 USA
[2] NBER, Cambridge, MA 02138 USA
[3] Johns Hopkins Univ, Baltimore, MD 21218 USA
[4] Univ Michigan, Ann Arbor, MI 48109 USA
[5] Cornerstone Res, San Francisco, CA USA
来源：
JOURNAL OF URBAN ECONOMICS | 2020年 / 118卷
关键词：
Natural disasters; Migration; Housing markets; MIGRATION RESPONSE; UNITED-STATES; TEMPERATURE; POPULATION; WEATHER; HURRICANES; MORTALITY; GEOGRAPHY; DECLINE; IMPACT;
D O I：
10.1016/j.jue.2020.103257
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页数：13
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