Working Papers

1.     Natural Disaster and Intersectoral Wage Ratio.

This paper analyses how natural disasters influence intersectoral wage inequality using data from 24 EU countries between 2000 and 2015. Employing a multiple-period difference-in-differences framework estimated through a two-way linear fixed-effects regression, it identifies the causal effect of disaster occurrence on the wage ratio between manufacturing and agricultural sectors. The findings show that disasters widen wage gaps between high- and low-skill sectors. To mitigate these effects, the paper proposes an optimal tax–subsidy mechanism within a general equilibrium framework that fosters inclusive and resilient growth.

2.     Credit Market Distortion, Natural Disaster and Migration.

This paper uses a partial equilibrium framework to investigate how credit market distortions shape labour migration from disaster-affected regions in the presence of ex-post government aid. The results show that in developing economies with imperfect credit markets there exists a critical threshold of distortion beyond which individuals are compelled to migrate despite government assistance. The analysis highlights the importance of improving credit access and designing targeted recovery measures to support balanced regional adjustment aftershocks.