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Title: Shaking up the Equilibrium: Natural Disasters, Immigration and Economic Geography

Citation Type: Miscellaneous

Publication Year: 2015

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Abstract: This paper investigates the eects of a large temporary shock on the agglomeration of economic activity. Using variation in the potential damage intensity of the 1906 San Francisco earthquake across counties in the American West, we nd that the earthquake persistently decreased various measures of economic activity, such as population size and total wage expenditures. The main reason for this long-lasting eect is that the earthquake changed the location choice of migrants, who decided to settle in less aected areas of the American West. Our ndings suggest that a large temporary shock can have a persistent eect on the location of economic activity.

Url: http://www.economics.ku.dk/research/publications/wp/dp_2015/1517.pdf

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Authors: Ager, Philipp; Hansen, Casper W; Lonstrup, Lars

Publisher: Department of Economics University of Copenhagen

Data Collections: IPUMS USA

Topics: Other

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