WWL: The Economy of Weather
We’ve been hearing an awful lot about the economic impact of severe winter weather
We’ve been hearing an awful lot about the economic impact of severe winter weather. Closed business, stalled airlines, and lost worker productivity are just the tip of the iceberg. But what about the cost of the snowstorm that doesn’t actually come? Many Connecticut residents woke up Wednesday morning to a forecasted twenty inches of snow. Schools were closed, workers were sent home, and events were cancelled as we waited for the storm of the year. Hartford got about three inches of snow, a mere dusting. Coming up, where we live, we’ll talk with weather economist Scott Bernhardt about the cost of “getting it wrong.”
