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Local labor market adjustment and ec...
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Xiao, Yu.
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Local labor market adjustment and economic impacts after a major disaster: Evidence from the 1993 Midwest flood.
紀錄類型:
書目-語言資料,印刷品 : Monograph/item
正題名/作者:
Local labor market adjustment and economic impacts after a major disaster: Evidence from the 1993 Midwest flood./
作者:
Xiao, Yu.
面頁冊數:
219 p.
附註:
Source: Dissertation Abstracts International, Volume: 69-11, Section: A, page: 4537.
Contained By:
Dissertation Abstracts International69-11A.
標題:
Geography. -
電子資源:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3337966
ISBN:
9780549911470
Local labor market adjustment and economic impacts after a major disaster: Evidence from the 1993 Midwest flood.
Xiao, Yu.
Local labor market adjustment and economic impacts after a major disaster: Evidence from the 1993 Midwest flood.
- 219 p.
Source: Dissertation Abstracts International, Volume: 69-11, Section: A, page: 4537.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2008.
Natural hazards are threats to human society. In the past century, the number of reported natural disasters worldwide rose rapidly. A vast amount of resources are spent on disaster management annually. With global climate change, we may see more fierce and more frequent natural hazards in the future. To make smart land use decisions and build disaster resilient communities, urban planners and policy makers should understand the economics of disasters. We need more research to understand fundamental questions, such as how local economies react and adjust to shocks associated with natural disasters, whether there are long-run negative economic impacts, and how businesses and households adjust to and recover from natural disasters.
ISBN: 9780549911470Subjects--Topical Terms:
524010
Geography.
Local labor market adjustment and economic impacts after a major disaster: Evidence from the 1993 Midwest flood.
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Source: Dissertation Abstracts International, Volume: 69-11, Section: A, page: 4537.
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Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2008.
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Natural hazards are threats to human society. In the past century, the number of reported natural disasters worldwide rose rapidly. A vast amount of resources are spent on disaster management annually. With global climate change, we may see more fierce and more frequent natural hazards in the future. To make smart land use decisions and build disaster resilient communities, urban planners and policy makers should understand the economics of disasters. We need more research to understand fundamental questions, such as how local economies react and adjust to shocks associated with natural disasters, whether there are long-run negative economic impacts, and how businesses and households adjust to and recover from natural disasters.
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This dissertation uses the 1993 Midwest flood, the most costly flood in U.S. history, as a case to understand the micro-level business adjustment process and its macro-level manifestation in aggregate local economic outcomes. I adopt a mixed methods approach in order to produce a rich and robust set of results. Specifically, I use both quantitative time series models with a quasi-experimental research design as well as case study methods. The quantitative analysis of all counties that suffered from commercial/industrial damage as a result of the 1993 Midwest flood provides a comprehensive assessment of short- to long-run local economic impacts. A case study of the City of Grafton, Illinois develops an understanding of the business and resident adjustment process in a local planning and community recovery context.
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This study finds that places are resilient to disasters. The 1993 flood caused very minimal or only temporary negative economic impacts in the year of the event, measured by the unemployment rate, the unemployment level, the number of businesses and jobs, per capita income, and per employee net earnings. Migration is an important mechanism of labor market adjustment. Small heavily damaged counties saw a boost in out-migration in the year of the flood and growth of in-migration one year after.
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This study also finds that impacts at the community-level may be highly variable even if the region as a whole recovers quickly. Local economies in the aggregate may recover but not all businesses recover. In Grafton, some businesses returned to their normal functioning soon after the event while others failed due to financial difficulties and a lack of customers. Community recovery planning and post-flood buyout programs can change the demographic composition of a community. Businesses may fail because they are not prepared to serve the changed mix of customers and local demand.
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