Migration, Risk, and Liquidity Constraints in El Salvador

Halliday, Timothy J.

doi:10.1086/503584

Cited by 208 publications

(209 citation statements)

References 17 publications

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“…There is a significant body of micro-development research which examines the ways in which (especially rural) households prepare and deal with sudden unexpected income shocks (such as draughts) and their ability to insure against these shocks (e.g., Townsend, 1994;Paxson, 1989;and Udry, 1994). The second existing strand examines specific case studies -disaster events -such as the devastating hurricane Mitch in Honduras, and estimates some of the specific costs and consequences of those individual events (e.g., Benson and Clay, 2004;Halliday, 2006;Horwich, 2000;Narayan, 2001;Selcuk and Yeldan, 2001;and Vos et al, 1999).…”

Section: The Economics Of Natural Disasters In Previous Researchmentioning

confidence: 99%

The macroeconomic consequences of disasters

Noy

2009

Journal of Development Economics

997

629

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Section: The Economics Of Natural Disasters In Previous Researchmentioning

confidence: 99%

The macroeconomic consequences of disasters

Noy

2009

Journal of Development Economics

997

629

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“…Premand (2008) estimates micro growth models using data from the Nicaraguan LSMS, focusing on agricultural households, and finds moderate short term effects of hurricane Mitch on consumption growth but no evidence for persistence. Halliday (2006) investigates the impact of harvest and livestock loss as well as two earthquakes on the probability of sending a migrant to the United States as a coping strategy in the aftermath of a disaster. He finds that earthquakes reduce the likelihood of sending a migrant to the U.S. across all wealth levels.…”

Section: Literaturementioning

confidence: 99%

Natural disasters and labor markets

Kirchberger

2017

Journal of Development Economics

133

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Abstract:While it is clear that natural disasters have serious welfare consequences for affected populations, less is known with respect to how local labor markets in low income countries adjust to such large shocks, in particular the general equilibrium effects of the increase in the demand for construction as well as the inflow of resources in the aftermath of natural disasters. Building on the literature on local labor markets (Moretti, 2010a,b), this paper investigates whether there is evidence that changes in the relative prices of non-tradable to tradable goods induced by a demand shock due to a natural disaster lead to a reallocation of employment and wage premia across sectors. Combining data from the Indonesia Family Life Survey and the US Geological Survey we study the effect of earthquakes on local labor markets in Indonesia. We find evidence for sectoral reallocation of workers as well as significant and persistent wage premia. Employment in the construction sector increases significantly and contracts in the agriculture sector in the two years after an earthquake takes place in a community. There appear to be substantial labor market rigidities since even after sectoral mobility has taken place, individuals employed in sectors producing non-tradable goods experience significantly higher wage growth in communities that were struck by an earthquake. These effects are homogenous along the quantiles of the conditional income growth distribution. Thereby, they neutralize otherwise occurring differential earnings growth patterns across sectors and operate as pure location shifts of the income distribution rather than altering the shape.

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“…There is a significant body of microdevelopment research which examines the ways in which mostly rural households prepare and deal with sudden unexpected income shocks and the households' ability to insure against them (e.g., Paxson, 1992). The second existing strand examines specific disaster events -such as hurricane Mitch in Honduras, the Kobe earthquake in Japan, and estimates some of the specific costs and consequences of those individual events (e.g., Benson and Clay, 2004;Coffman & Noy, 2009;Halliday, 2006;Horwich, 2000;Selcuk & Yeldan, 2001). …”

Section: Output Growth and Disastersmentioning

confidence: 99%