Business News

Natural disasters increase inequality. Recovery funding may make things worse

Written by Mehmet Ulubasoglu, Professor of Economics, Head of the Department of Economics and Director of the Centre for Energy, the Environment and Natural Disasters, Deakin University

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My team and I have analysed the incomes of people affected by some of Australia’s worst bushfires, floods and cyclones in the past two decades. Our results are disheartening.

We’ve found the income gap routinely increases after a natural disaster. For example, following Queensland floods of 2010-11 the difference between...

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