Why Some Don’t Belong—The Distributional Effects of Natural Disasters

When and how do natural disasters worsen within-country income inequality? We highlight the channels through which natural disasters may have distributional effects and empirically analyze when and which type of disasters affect inequality in advanced economies (AEs) and in emerging and developing e...

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Bibliographic Details
Main Author: Budina, Nina
Other Authors: Chen, Lixue, Nowzohour, Laura
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Why Some Don’t Belong—The Distributional Effects of Natural Disasters  |c Nina Budina, Lixue Chen, Laura Nowzohour 
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300 |a 49 pages 
651 4 |a United States 
653 |a Economics 
653 |a Financial crises 
653 |a Natural Disasters 
653 |a Climate 
653 |a Labor markets 
653 |a National accounts 
653 |a Labor 
653 |a Economics of specific sectors 
653 |a Population and demographics 
653 |a Informal Economy 
653 |a Foreign Exchange 
653 |a Currency crises 
653 |a Demography 
653 |a Global Warming 
653 |a Population 
653 |a Macroeconomics 
653 |a Income inequality 
653 |a Income economics 
653 |a Population & demography 
653 |a Economic & financial crises & disasters 
653 |a Labour 
653 |a Demographic Economics: General 
653 |a Natural Disasters and Their Management 
653 |a Income distribution 
653 |a Environment 
653 |a Economics: General 
653 |a Informal sector 
653 |a Aggregate Factor Income Distribution 
653 |a Demand and Supply of Labor: General 
653 |a Economic sectors 
653 |a Labor market 
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520 |a When and how do natural disasters worsen within-country income inequality? We highlight the channels through which natural disasters may have distributional effects and empirically analyze when and which type of disasters affect inequality in advanced economies (AEs) and in emerging and developing economies (EMDEs). We find that in AEs inequality increases after severe disasters. We also find that inequality increases if severe disasters are associated with growth slowdowns or there are multiple disasters in a year in AEs and in EMDEs. Descriptive evidence for the US also suggests that adverse labor market effects of disasters are likely to fall on vulnerable groups