Ayako Kondo, the Associate Professor of Economics at the Institute of Social Science in Tokyo Japan has penned a great article on job separation and geographical mobility.
This is a master piece in explaining the impact of a disaster on the labor market. She gives an example of the Great East Japan Earthquake which led to loss of 20,000 lives. This happened on 11 March, 2011.
Fukushima, Iwate and Miyagi were the most affected prefectures in Japan. In these three regions the people seeking unemployment insurance increased by a great margin after the natural disaster.
The good professor’s research shows that those residents who were forced to move to a new area remained jobless after the move. The youth and less educated people were the most affected by the disaster.
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