The Economic Impact of Hurricane Katrina on Its Victims: Evidence from Individual Tax Returns

• 成果类型: Article
• 署名作者: Deryugina, Tatyana; Kawano, Laura; Levitt, Steven
• 署名单位: University of Illinois System; University of Illinois Urbana-Champaign; National Bureau of Economic Research; University of Michigan System; University of Michigan; United States Department of the Treasury; University of Chicago
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20160307
• 发表日期: 2018
• 页码: 202-233
• 关键词: earnings losses; migration; disaster; evacuees; wages

摘要

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, hut 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.