In the areas studied, typhoons reduced household incomes by an average of 6.6 percent. Household expenditure decrease 7.1 percent for the average household in the average year. “In general, households reduce their spending the most on expenditures that most closely resemble human capital investments, such as medicine, education and high nutrient foods that include meat, dairy, eggs and fruit,” the authors write. They also argue that for infant mortality, the impact of the economic deprivations caused by the typhoon is far worse than exposure to the storm itself. “11,300 female infants suffer post-typhoon ‘economic deaths’ in the Philippines every year, constituting roughly 13% of the overall infant mortality rate in the Philippines,” they write. This is roughly 15 times higher than the mortality caused by the storm.
Earlier Dish here on whether First World countries should compensate Third World countries for the damage done by hurricanes and typhoons fueled by global warming.
(Photo: Zosimo Moabando sits with his young grandson Kyle on the roof of their damaged house in the devastated town of Tanuan, south of Tacloban, on November 15, 2013 in Philippines. By Kevin Frayer/Getty Images)