For the first time we’ve calculated what effect a natural disaster has on income tax revenue, finding a 5% decline through lower incomes and higher tax deduction claims.
- Professor of Economics, Head of the Department of Economics, and Director of the Centre for Disaster Resilience and Recovery, Deakin University
To understand the different economic impacts of natural disasters, we looked at 47 major floods and 36 major bushfires in Australia.
We estimate 39% of all jobs in Australia can be done from home, with men more likely to have teleworkable jobs.
Low-income earners, small-business owners and part-time workers are most likely to lose income following a disaster.
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