Local Labor Market Adjustment and Economic Impacts After a Major Disaster: Evidence From the 1993 Midwest Flood
Yu, Xiao
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https://hdl.handle.net/2142/79555
Description
Title
Local Labor Market Adjustment and Economic Impacts After a Major Disaster: Evidence From the 1993 Midwest Flood
Author(s)
Yu, Xiao
Issue Date
2008
Doctoral Committee Chair(s)
Edward Feser
Department of Study
Urban and Regional Planning
Discipline
Urban and Regional Planning
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Geography
Language
eng
Abstract
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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