Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...

Climate change is sometimes viewed as the most serious problem facing modern society. The science behind anthropogenic global warming has been understood for more than half a century. Yet relatively few economists work on topics related to climate change. What explains this (apparent) lack of...

Economists have proposed a variety of sophisticated climate-change interventions. But do our citizens care enough about climate change to enact such policies? This paper provides evidence that suggests they do not. Two kinds of findings are presented. Using data on 40,000 Europeans from the 2016...

We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility on carbon emissions accounting for the fact that...

Are 'green' environmental concerns - about climate change, biodiversity, pollution - deterring today's citizens from having children? This paper, which we believe to be the first of its kind, reports preliminary evidence consistent with that increasingly discussed hypothesis. Our study has a...