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QUESTION 9 Consider the following map from Nakamura et al. (forthcoming), who study the consequences of a volcanic eruption in Iceland. Which of the following
QUESTION 9 Consider the following map from Nakamura et al. (forthcoming), who study the consequences of a volcanic eruption in Iceland. Which of the following statements is incorrect? Buildings and designations Houses Destroyed Houses Not Destroyed http://www.nber.org/papers/w22392 Commercial Real Estate Iceland New Lava Field Coastline before 1973 Westman Islands in aa doondo Main Eruption Fissure 500 1,000 ft 100 300 m People whose houses were in the new lava field (colored in red) moved to the city at a higher rate than people whose houses were not in the new lava field. For people who were younger than 25 at the time of the eruption, those whose houses were destroyed in the volcano eruption on average had lower earnings per year decades later than those whose houses were not destroyed. The findings of Nakamura et al. (2016) suggest that for people in the region affected by the volcano eruption, some do not move to the capital region even though their labor market outcomes could be improved if they move. People whose houses were destroyed by the volcano eruption moved to the city at a higher rate than people whose houses were not destroyed
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