Title of Master Project: The Effect of Extreme Weather Hazards on the Philippine Labor Market
The Philippine economy pummeled by annual typhoon hazards, disaster has become one of the main issues to tackle for sustained development in the nation. The analysis shows that although the demand for more work rendered throughout all industries is quite inelastic with regards to increases in average rainfall, there can still be an expected increase in hours worked regardless of how minute. Utilities – include public services and goods such as water, electricity, and sewage, while administration and support services includes general management, clerical and maintenance activities. These are both integral parts for the activities of any establishment in any sector it follows that there would be a surge increase of service and maintenance to be rendered for these industry-sectors in extreme events. While the increase in hours worked for educators may be explained by missed required school hours that students are unable to render during extreme weather events and have to be made up for at later dates. Furthermore, the labor market demands workers to sustain the same level of work or even increase their regular working hours in the face of these increased risks, most likely to sustain the same level of production as usual. At the same time, however, even as the workers take on greater risk by working in an environment with higher hazard incidence, this does not translate to any increases of income (or utility) for the workforce.