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As the rich move away from disaster zones, the poor are left behind

By: 
Leah Platt Boustan, Maria Lucia Yanguas, Matthew Kahn, and Paul W. Rhode

Every year, major earthquakes, floods, and hurricanes occur. These natural disasters disrupt daily life and, in the worst cases, cause devastation. Events such as Hurricanes Katrina and Sandy killed thousands of people and generated billions of dollars in losses.

There is also concern that global climate change will increase the frequency and intensity of weather–related disasters.