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Planet Money

The natural disaster economist

Sep 27, 2023
Tatyana Deryugina, leading expert on the economics of natural disasters, discusses the increasing frequency of extreme weather events and their impact on our economy and daily lives. They explore the role of charitable giving in disaster relief, the challenges faced by insurers, and the long-term effects of Hurricane Katrina on New Orleans residents. The conversation highlights the need to understand the economic and physical impacts of where we live amidst climate change.
23:41

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Quick takeaways

  • Studying the economics of natural disasters through natural experiments provides valuable insights into their effects on different groups of people.
  • Contrary to expectations, individuals affected by Hurricane Katrina ultimately earned more money and experienced better public health outcomes by relocating to areas with higher wages.

Deep dives

The Importance of Natural Experiments in Economic Research

Economist Tatiana Durgana discusses the significance of natural experiments in economics research, particularly in studying the effects of natural disasters. She explains that natural disasters provide opportunities for economists to observe the impact of unpredictable events on different groups of people, yielding valuable insights.

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