The economic impact of Hurricane Katrina on its victims : evidence from individual tax returns by Tatyana Deryugina, Laura Kawano and Steven Levitt
By: Deryugina, Tatyana
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Contributor(s): Kawano, Laura | Levitt, Steven D.
Material type: 
ArticlePublisher: 2018Subject(s): CATASTROFES NATURALES | ASPECTOS ECONOMICOS | DECLARACIONES TRIBUTARIAS | ESTADOS UNIDOSOnline resources: Click here to access online
In:
American Economic Journal. Applied Economics v. 10, n. 2, April 2018, p. 202-233Summary: Hurricane Katrina destroyed over 200,000 homes and led to massive economic and physical dislocation. Using a panel of tax return data, we provide one of the first comprehensive analyses of the hurricane’s long-term economic impact on its victims. Hurricane Katrina had large and persistent impacts on where people live, but small and surprisingly transitory effects on employment and income. Within just a few years, Katrina victims’ incomes actually surpass that of controls from similar unaffected cities. The strong economic performance of Hurricane Katrina victims is particularly remarkable given that the hurricane struck with essentially no warning.
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| Artículos | IEF | IEF | OP 2134/2018/2-1 (Browse shelf) | Available | OP 2134/2018/2-1 |
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| OP 2134/2017/1 Tax me, but spend wisely ? | OP 2134/2017/2 Dodging the taxman | OP 2134/2018/2 American Economic Journal : Applied Economics | OP 2134/2018/2-1 The economic impact of Hurricane Katrina on its victims | OP 2134/2018/3 American Economic Journal : Applied Economics | OP 2134/2018/4 American Economic Journal : Applied Economics | OP 2134/2019/1 American Economic Journal : Applied Economics |
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Resumen.
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Hurricane Katrina destroyed over 200,000 homes and led to massive economic and physical dislocation. Using a panel of tax return data, we provide one of the first comprehensive analyses of the hurricane’s long-term economic impact on its victims. Hurricane Katrina had large and persistent impacts on where people live, but small and surprisingly transitory effects on employment and income. Within just a few years, Katrina victims’ incomes actually surpass that of controls from similar unaffected cities. The strong economic performance of Hurricane Katrina victims is particularly remarkable given that the hurricane struck with essentially no warning.
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