{"title":"坏消息传得很快:极端降雨、迁徙网络和迁徙","authors":"Zhuoyang Lyu , Zhengsheng Li , Li Yu , Yue Jiang","doi":"10.1016/j.ribaf.2025.103112","DOIUrl":null,"url":null,"abstract":"<div><div>This paper investigates the impact of extreme rainfall in destination cities on immigration flows. Using comprehensive migration data from population censuses and detailed weather information from 288 Chinese cities between 2000 and 2010, we find that extreme rainfall significantly reduces immigration. For every additional week of extreme rainfall in a city, the immigration rate decreases by 0.105 percentage points. We identify two key mechanisms through which extreme rainfall affects migration: heightened uncertainty in firm operations leading to reduced employment, and the role of migration networks in conveying negative information about destination conditions. Our heterogeneity analysis reveals that young adults, individuals with middle school education, rural hukou holders, and inter-regional migrants are most sensitive to extreme rainfall shocks. Furthermore, cities with higher infrastructure investment better mitigate the negative effects of extreme rainfall, demonstrating how adaptive measures can reduce climate impacts on migration. These findings have important implications for urban planning and regional development policies in the context of increasing climate change challenges.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"80 ","pages":"Article 103112"},"PeriodicalIF":6.9000,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Bad news travels fast: Extreme rainfall, migration networks, and migration\",\"authors\":\"Zhuoyang Lyu , Zhengsheng Li , Li Yu , Yue Jiang\",\"doi\":\"10.1016/j.ribaf.2025.103112\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper investigates the impact of extreme rainfall in destination cities on immigration flows. Using comprehensive migration data from population censuses and detailed weather information from 288 Chinese cities between 2000 and 2010, we find that extreme rainfall significantly reduces immigration. For every additional week of extreme rainfall in a city, the immigration rate decreases by 0.105 percentage points. We identify two key mechanisms through which extreme rainfall affects migration: heightened uncertainty in firm operations leading to reduced employment, and the role of migration networks in conveying negative information about destination conditions. Our heterogeneity analysis reveals that young adults, individuals with middle school education, rural hukou holders, and inter-regional migrants are most sensitive to extreme rainfall shocks. Furthermore, cities with higher infrastructure investment better mitigate the negative effects of extreme rainfall, demonstrating how adaptive measures can reduce climate impacts on migration. These findings have important implications for urban planning and regional development policies in the context of increasing climate change challenges.</div></div>\",\"PeriodicalId\":51430,\"journal\":{\"name\":\"Research in International Business and Finance\",\"volume\":\"80 \",\"pages\":\"Article 103112\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-08-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Research in International Business and Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S027553192500368X\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S027553192500368X","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Bad news travels fast: Extreme rainfall, migration networks, and migration
This paper investigates the impact of extreme rainfall in destination cities on immigration flows. Using comprehensive migration data from population censuses and detailed weather information from 288 Chinese cities between 2000 and 2010, we find that extreme rainfall significantly reduces immigration. For every additional week of extreme rainfall in a city, the immigration rate decreases by 0.105 percentage points. We identify two key mechanisms through which extreme rainfall affects migration: heightened uncertainty in firm operations leading to reduced employment, and the role of migration networks in conveying negative information about destination conditions. Our heterogeneity analysis reveals that young adults, individuals with middle school education, rural hukou holders, and inter-regional migrants are most sensitive to extreme rainfall shocks. Furthermore, cities with higher infrastructure investment better mitigate the negative effects of extreme rainfall, demonstrating how adaptive measures can reduce climate impacts on migration. These findings have important implications for urban planning and regional development policies in the context of increasing climate change challenges.
期刊介绍:
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance