Economic effects of natural disasters

Tatyana Deryugina

IZA World of Labor, 2022, No 493, 493

Abstract: Extreme weather events are increasing in frequency and intensity, threatening lives and livelihoods around the world. Understanding the short- and long-term effects of such events is necessary for crafting optimal policy. The short-term economic impacts of natural disasters can be severe, suggesting that policies that better insure against consumption losses during this time would be beneficial. Longer-term economic impacts are more complex and depend on the characteristics of the affected population and the affected area, changes in migration patterns, and public policy.

Keywords: natural disasters; disaster aid; migration; labor market outcomes; health effects (search for similar items in EconPapers)
JEL-codes: J01 O15 Q54 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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