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Many of the challenges in the estimation of dynamic heterogeneous treatment effects can be resolved with local projection (LP) estimators of the sort used in applied macroeconometrics. This approach provides a convenient alternative to the more complicated solutions proposed in the recent...
Persistent link: https://www.econbiz.de/10014250201
commercial, industrial, and transportation end-use sectors. The additional electricity demand in response to high temperatures …-protecting adaptations to high temperatures. The second part of the paper examines the private and external costs of electricity generation …. Extreme temperatures increase electricity demand in the residential sector (relative to moderate temperatures), but not in the …
Persistent link: https://www.econbiz.de/10013334499
Building energy efficiency has been a cornerstone of greenhouse gas mitigation strategies for decades. However, impact evaluations have revealed that energy savings typically fall short of engineering model forecasts that currently guide funding decisions. This creates a resource allocation...
Persistent link: https://www.econbiz.de/10013388823
We use restricted-access, geocoded data on the near-universe of workers in 23 U.S. states in order to quantify the impact of wind energy development on local earnings and employment, by race, ethnicity, sex, and educational attainment. We find the largest relative impacts for workers without a...
Persistent link: https://www.econbiz.de/10014337841
Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity … consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the … as a high-dimensional aggregation problem: The effect of electricity consumption on emissions can be estimated precisely …
Persistent link: https://www.econbiz.de/10014468265
Causal inference is of central interests in many empirical applications yet often challenging because of the presence of endogenous regressors. The classical approach to the problem requires using instrumental variables that must satisfy the stringent condition of exclusion restriction. At the...
Persistent link: https://www.econbiz.de/10014512085
We develop a dynamic microsimulation model to project the labor force and economic dependency ratios in the United States from 2022 to 2060, taking population projections and the large inequalities between population groups of different race/ethnicity and gender into account. We contrast policy...
Persistent link: https://www.econbiz.de/10014576619
electricity, intermittency of renewables, and intertemporal optimization of storage. We derive several theoretical possibilities … can decrease renewable capacity; cheaper renewables can increase carbon emissions; and an increase in electricity demand …Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit …
Persistent link: https://www.econbiz.de/10013210110
Economic policies often involve dynamic interventions, where individuals receive repeated interventions over multiple periods. This dynamics makes past responses informative to predict future responses and ultimate outcomes depend on the history of interventions. Despite these phenomena,...
Persistent link: https://www.econbiz.de/10014576590
More than 1,500 organizations and investors representing over $40 trillion in assets have committed to fossil fuel divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a critical component of transitioning to a cleaner...
Persistent link: https://www.econbiz.de/10014226139