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Long-run Consequences of Exposure to Natural Disasters (WP-16-17)

Krzysztof Karbownik and Anthony Wray

The researchers utilize the individual-level World War I Draft Registration Cards matched to late-19th century hurricane paths and the 1940 U.S. Census to explore whether fetal and early childhood exposure to stress caused by hurricanes affects human capital development and labor market outcomes in adulthood. Difference-in-differences estimates indicate that white males who were born in the South and experienced a hurricane either in utero or as infants had lower income at ages 42–53. They are robust to alternate specifications of either the treatment or outcome variables, as well as changes in the tolerance for imperfectly matched historical data.

Krzysztof Karbownik, IPR Research Associate, Northwestern University

Anthony Wray, Postdoctoral Researcher, Hitotsubashi University

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