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Maybe next month? : temperature shocks, climate change, and dynamic adjustments in birth rates

Barreca, Alan I.; Deschênes, Olivier; Guldi, Melanie - 2015

Dynamic adjustments could be a useful strategy for mitigating the costs of acute environmental shocks when timing is not a strictly binding constraint. To investigate whether such adjustments could apply to fertility, we estimate the effects of temperature shocks on birth rates in the United...

Persistent link: https://www.econbiz.de/10011386934

The impact of climate change on mortality in the United States : benefits and costs of adaptation

Deschênes, Olivier - 2022

This paper reviews and extends the recent empirical literature on the impact of climate change on mortality and adaptation in the United States. The analysis produces several new facts. First, the reductions in the impact of extreme heat on mortality risk previously documented up to 2004 have...

Persistent link: https://www.econbiz.de/10013329615

Fatal errors : the mortality value of accurate weather forecasts

Shrader, Jeffrey; Bakkensen, Laura; Lemoine, Derek - 2023

We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce mortality if and only if mortality risk is convex in...

Persistent link: https://www.econbiz.de/10014309747

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang (contributor); … - 2008

that the employment rate is slow to converge to its steady state value after a monetary shock. The after-effects of a shock … continue to exert an effect on the labor market even long after the shock is over. The sluggishness of the labor market … translates to the product market and thus the output effects of the monetary shock become more persistent. Under reasonable …

Persistent link: https://www.econbiz.de/10003719627

How disasters affect local labor markets : the effects of hurricanes in Florida

Belasen, Ariel R. (contributor); … - 2007

Exogenous shocks often impact a local labor market more than at the national level. This study improves upon the standard Difference in Difference (DD) approach by examining exogenous shocks using a Generalized Difference in Difference (GDD) econometric approach that identifies the effects of...

Persistent link: https://www.econbiz.de/10003635285

Marriage, divorce and interstate risk sharing

Halla, Martin (contributor); Scharler, Johann (contributor) - 2008

In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...

Persistent link: https://www.econbiz.de/10003760281

Causal effects of monetary shocks : semiparametric conditional independence tests with a multinomial propensity score

Angrist, Joshua D. (contributor); … - 2008

Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...

Persistent link: https://www.econbiz.de/10003739948

Cyclical skill-biased technological change

Balleer, Almut; Rens, Thijs van - 2009

Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...

Persistent link: https://www.econbiz.de/10003863655

Growing up in a recession : beliefs and the macroeconomy

Giuliano, Paola; Spilimbergo, Antonio - 2009

Do generations growing up during recessions have different socio-economic beliefs than generations growing up in good times? We study the relationship between recessions and beliefs by matching macroeconomic shocks during early adulthood with self-reported answers from the General Social Survey....

Persistent link: https://www.econbiz.de/10003884097

Does local business ownership insulate cities from economic shocks?

Kolko, Jed; Neumark, David - 2009

We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test...

Persistent link: https://www.econbiz.de/10003898087