Interesting Paragraph from Ed Glaeser

Economist Matthew Kahn of UCLA has studied the death tolls from natural disasters. He found that where governments are more capable, fewer people die. This makes me worry about the fate of cities in the developing world that are just as subject to natural disasters as New York is but have governments far less capable of taking effective precautionary measures. Kahn has predicted that cities will be able to defend themselves against the changes associated with climate change. While I am far less certain about Karachi, I am optimistic enough to think he is right about New York.

From Glaeser’s Bloomberg view column today.

About ozidar

I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research. You can follow me on twitter @omzidar.
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