TY - JOUR
T1 - A comparison of employment growth and stability before and after the fort worth tornado
AU - Ewing, Bradley T.
AU - Kruse, Jamie B.
AU - Thompson, Mark A.
N1 - Funding Information:
This work was performed under the US Department of Commerce, National Institute of Standards and Technology/Texas Tech University Cooperative Agreement (Award 70NANB8H0059). The authors thank Susan Cutter and two anonymous reviewers for helpful comments on an earlier draft of this paper.
PY - 2003/1/1
Y1 - 2003/1/1
N2 - This study examined the time series pattern of employment growth and stability in Fort Worth, Texas taking into account the March 28, 2000 tornado. The tornado is treated econometrically as an intervention and both the mean and conditional variance of employment growth were estimated. Overall, this regional labor market experienced a decline in the employment growth rate following the tornado. Among the sectors that exhibited differences in employment dynamics between the pre- and post-tornado periods, the mining sector experienced a significant increase in employment growth following the tornado while the service andwholesale, retail trade sectors experienced significant declines in employment growth in the post-tornado period. The manufacturing, service, and wholesale, retail trade sectors were characterized by greater stability (i.e., a lower level of employment growth volatility) in the post-tornado period than in the pre-tornado period. Interestingly, in several sectors, no differences in the time series dynamics of employment growth were detected between the pre- and post-tornado periods. These sectors included construction, finance, insurance, real estate, government, and transportation and public utilities.
AB - This study examined the time series pattern of employment growth and stability in Fort Worth, Texas taking into account the March 28, 2000 tornado. The tornado is treated econometrically as an intervention and both the mean and conditional variance of employment growth were estimated. Overall, this regional labor market experienced a decline in the employment growth rate following the tornado. Among the sectors that exhibited differences in employment dynamics between the pre- and post-tornado periods, the mining sector experienced a significant increase in employment growth following the tornado while the service andwholesale, retail trade sectors experienced significant declines in employment growth in the post-tornado period. The manufacturing, service, and wholesale, retail trade sectors were characterized by greater stability (i.e., a lower level of employment growth volatility) in the post-tornado period than in the pre-tornado period. Interestingly, in several sectors, no differences in the time series dynamics of employment growth were detected between the pre- and post-tornado periods. These sectors included construction, finance, insurance, real estate, government, and transportation and public utilities.
KW - Employment growth
KW - Fort Worth
KW - Intervention analysis
KW - Labor market risk
KW - Tornadoes
UR - http://www.scopus.com/inward/record.url?scp=4344598336&partnerID=8YFLogxK
U2 - 10.1016/j.hazards.2004.05.002
DO - 10.1016/j.hazards.2004.05.002
M3 - Article
AN - SCOPUS:4344598336
VL - 5
SP - 83
EP - 91
JO - Environmental Hazards
JF - Environmental Hazards
SN - 1747-7891
IS - 2
ER -