The Effect of Natural Disasters on Economic Activity in Us Counties: A Century of Data

  title={The Effect of Natural Disasters on Economic Activity in Us Counties: A Century of Data},
  author={L. Boustan and Matthew E. Kahn and P. W. Rhode and Maria Lucia Yanguas},
  journal={Development Economics: Agriculture},
  • L. Boustan, Matthew E. Kahn, +1 author Maria Lucia Yanguas
  • Published 2017
  • Geography, Business
  • Development Economics: Agriculture
  • 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… CONTINUE READING
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