The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico
利用1995-2019年波多黎各78个县和70个行业的面板数据，研究发现飓风后平均就业下降0.5%，且行业间存在显著异质性，部分行业就业增加，部分减少，这可由投入产出关联部分解释。
We study the short-run, dynamic employment effects of natural disasters. We exploit monthly data for 70 3-digits NAICS industries and 78 Puerto Rican counties over the period 1995–2019. Our exogenous measure of exposure to natural disasters is computed using the maximum wind speed recorded in each county during each hurricane. Using panel local projections, we find that after the “average” hurricane, employment falls by 0.5% on average. Across industries, we find substantial heterogeneity in the employment responses. Employment increases in some industries while in others employment decreases after a hurricane. This heterogeneity can be partly explained by input–output linkages.