Bastos, Paulo; Busso, Matias; Miller, Sebastian - Inter-American Development Bank - 2013
We examine the long-term impacts of drought on local labor markets in Brazil. Us- ing rainfall data going back over a … century, we build contemporaneous and historical drought indices for more than 3,000 local areas, and examine them in … that increased drought frequency in the previous decade reduces local value added, employment and wages in the agricultural …