1min snip

Planet Money cover image

The natural disaster economist

Planet Money

NOTE

The Surprising Finding: Hurricane Katrina Victims Made More Money

Researchers were surprised to find that people affected by Hurricane Katrina ended up making more money than they would have otherwise. They initially questioned if they had made a mistake, but the results were confirmed. The researchers discovered that two factors contributed to this increase in income: New Orleans becoming a more expensive city to live in, leading to higher wages to offset the cost of living.

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