Showing 1 - 10 of 2,757
We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...
Persistent link: https://www.econbiz.de/10012890626
We combine exogenous variation in temperature at the county-day level in the U.S. with daily time use data to examine … the effect of temperature on joint time use. We show that low temperatures reduce time spent with friends but increase … evidence of the effect of temperature on joint time use being location-dependent. We rationalize this finding using a model in …
Persistent link: https://www.econbiz.de/10014348099
We study decentralized and optimal urbanization in a simple multi-sector model of a rural-urban economy focusing on productivity differences and internal trade frictions. We show that even in the absence of the typical externalities studied in the literature, such as agglomeration, congestion or...
Persistent link: https://www.econbiz.de/10012871753
A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade … a single-tier climate club in which many stable coalitions are possible, the stable coalition in the calibrated model is …
Persistent link: https://www.econbiz.de/10014081042
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks …. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of … carbon prices, but gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points …
Persistent link: https://www.econbiz.de/10013226653
Climate change severely impacts critical facets of human capital across the life cycle. This is particularly alarming … channel of causality. At the same time, human capital has a vital role in driving effective climate change mitigation and … adaptation. Here, we provide a framework for analyzing the multiple interlinkages between climate change and human capital and …
Persistent link: https://www.econbiz.de/10014357808
provide causal evidence of voicing representing a new mechanism through which countries adapt to climate change, implementing …
Persistent link: https://www.econbiz.de/10012861443
This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated … drive economic growth. Due to a negative capital accumulation as well as savings effect on the knowledge stock, climate …
Persistent link: https://www.econbiz.de/10012865176
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a … characterize the relationship between climate and redistributional policy in an optimal taxation model that explicitly accounts for … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012870643
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...
Persistent link: https://www.econbiz.de/10013300865