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The Global Costs of Extreme Weather that are Attributable to Climate Change
Newman, Rebecca; Noy, Ilan - 2022
Extreme weather events have significant adverse costs for individuals, firms, communities, regional, and national economies. Extreme Event Attribution (EEA), a methodology that examines the degree to which anthropogenic greenhouse gas emissions had changed the occurrence of specific extreme...
Persistent link: https://www.econbiz.de/10014242787
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The Social Cost of Carbon and the Ramsey Rule
Withagen, Cees - 2019
The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...
Persistent link: https://www.econbiz.de/10012892228
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The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices
Kornek, Ulrike - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012870643
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The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty
van der Ploeg, Rick; Emmerling, Johannes; Groom, Ben - 2022
A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...
Persistent link: https://www.econbiz.de/10014082790
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Social Inequalities in Climate Change-Attributed Impacts of Hurrican Harvey
Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021
Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...
Persistent link: https://www.econbiz.de/10013314666
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Cumulative Climate Shocks and Migratory Flows : Evidence from Sub-Saharan Africa
Falco, Salvatore; B. Kis, Anna; Viarengo, Martina - 2022
We re-examine the effects of negative weather anomalies during the growing season on the decision to migrate in rural households in five sub-Saharan African countries. To this end we combine a multi-country household panel dataset with high-resolution gridded precipitation data. We find that...
Persistent link: https://www.econbiz.de/10013300863
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The Cost of the COVID-19 Crisis : Lockdowns, Macroeconomic Expectations, and Consumer Spending
Coibion, Olivier - 2020
We study how the differential timing of local lockdowns due to COVID-19 causally affects households' spending and macroeconomic expectations at the local level using several waves of a customized survey with more than 10,000 respondents. About 50% of survey participants report income and wealth...
Persistent link: https://www.econbiz.de/10012833731
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The Impact of a Large-Scale Natural Disaster on Local Economic Activity : Evidence from the 2003 Bam Earthquake in Iran
Farzanegan, Mohammad Reza; Fischer, Sven - 2023
This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in … disaster relief during the reformist government of President Khatami, the political trust and mobilization of civil society in …, economic activity in Bam County returns to its pre-disaster development path after seven years …
Persistent link: https://www.econbiz.de/10014347828
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How Do Institutions Affect the Impact of Natural Disasters?
Bos, Jaap W.B; Gröschl, Jasmin; Lamers, Martien; Li, … - 2023
managing natural hazards. Our results show that countries differ a lot in their disaster management efficiencies, with richer … institutions of higher quality indeed correlate with higher disaster relief efficiencies. Most important are indicators of good … with a 10%higher disaster relief efficiency will save one more life and protect four more people at the cost of $8 million in …
Persistent link: https://www.econbiz.de/10014264154
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Relative Prices and Climate Policy : How the Scarcity of Non-Market Goods Drives Policy Evaluation
Drupp, Moritz A. - 2020
Climate change not only impacts production and market consumption, but also the relative scarcity of non-market goods, such as environmental amenities. We study fundamental drivers of the resulting relative price changes, their potential magnitude, and their implications for climate policy in...
Persistent link: https://www.econbiz.de/10012842678