How Resilient are Labour Markets to Natural Disasters? The Case of the 1998 Bangladesh Flood
研究了1998年孟加拉国洪水对工资的影响，发现农业和非农业工资短期下降，转向非农就业的农业工人损失较小，而受薪工人因缺乏人力资本无法缓解收入风险。
Abstract Natural disasters devastate economies as they impede capital accumulation. The resilience of labour markets is crucial for the poor who rely on labour to reduce risk. We evaluate how the 1998 ‘flood of the century’ affected wages in Bangladesh. We find short-term declines in agricultural and non-agricultural wages. Agricultural workers who moved towards non-agricultural employment to cope benefitted through a lower percentage reduction in short-term wages. Endowed with human capital, salaried workers were unable to mitigate income risk. Extending the eligibility of credit access or relief programmes may preserve local businesses and their employees in the years following a flood.