Narrow search
Showing 1 - 10 of 1,326
Cover Image
Synthesis of Evidence Yields High Social Cost of Carbon Due to Structural Model Variation and Uncertainties
Moore, Frances; Drupp, Moritz A.; Rising, James; Dietz, … - National Bureau of Economic Research - 2024
Estimating the cost to society from a ton of carbon dioxide (CO2) released into the atmosphere requires connecting a model of the climate system with a representation of the economic and social effects of changes in climate, as well as the valuation and aggregation of diverse, uncertain impacts...
Persistent link: https://www.econbiz.de/10014576572
Cover Image
A Quantity-Based Approach to Constructing Climate Risk Hedge Portfolios
Alekseev, Georgij; Giglio, Stefano; Maingi, Quinn; … - National Bureau of Economic Research - 2022
We propose a new methodology to build portfolios that hedge the economic and financial risks from climate change. Our quantity-based approach exploits information on how mutual fund managers trade in response to idiosyncratic changes in their climate risk beliefs. We exploit two types of...
Persistent link: https://www.econbiz.de/10013477195
Cover Image
Climate Change, Population Growth, and Population Pressure
Henderson, J. Vernon; Jang, Bo Yeon; Storeygard, Adam; … - National Bureau of Economic Research - 2024
We develop a novel method for assessing the effect of constraints imposed by spatially-fixed natural resources on aggregate economic output. We apply it to estimate and compare the projected effects of climate change and population growth over the course of the 21st century, by country and...
Persistent link: https://www.econbiz.de/10014486236
Cover Image
Game, Sweat, Match : Temperature and Elite Worker Productivity
Burke, Marshall; Tanutama, Vincent; Heft-Neal, Sam; … - National Bureau of Economic Research - 2023
The effect of hot temperatures on labor productivity is thought to be a key channel through which a warming climate will impact the economy, and these impacts could help explain broader observed relationships between temperature and economic output. Yet for many workers and jobs, especially the...
Persistent link: https://www.econbiz.de/10014337882
Cover Image
Four Facts About ESG Beliefs and Investor Portfolios
Giglio, Stefano; Maggiori, Matteo; Stroebel, Johannes; … - National Bureau of Economic Research - 2023
We analyze survey data on ESG beliefs and preferences in a large panel of retail investors linked to administrative data on their investment portfolios. The survey elicits investors' expectations of long-term ESG equity returns and asks about their motivations, if any, to invest in ESG assets....
Persistent link: https://www.econbiz.de/10014250132
Cover Image
The Cost of Climate Policy to Capital : Evidence from Renewable Portfolio Standards
Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2023
Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables. RPS increases the renewables capacity, bond issuance, maturity, and yield spreads of investor-owned utilities compared to municipal producers that are...
Persistent link: https://www.econbiz.de/10014447281
Cover Image
Voting with their Sandals : Partisan Residential Sorting on Climate Change Risk
Bernstein, Asaf - 2020
driven by differential perceptions of long-run SLR risks across the political spectrum not tolerance for current flood risk … driver of current flood risk. Anticipatory sorting on climate change informs models of migration in the face of long …
Persistent link: https://www.econbiz.de/10012482209
Cover Image
Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics : Going Under Water?
Bakkensen, Laura A. - 2017
flood risk beliefs. The model incorporates a Bayesian learning mechanism allowing agents to update their beliefs depending … on whether flood events occur. Second, to quantify these elements, we implement a door-to-door survey campaign in Rhode … Island. The results confirm significant heterogeneity in flood risk beliefs, and that selection into coastal homes is driven …
Persistent link: https://www.econbiz.de/10012453857
Cover Image
Sea Level Rise Exposure and Municipal Bond Yields
Goldsmith-Pinkham, Paul; Gustafson, Matthew; Lewis, Ryan; … - National Bureau of Economic Research - 2022
-maturity bonds and is not solely driven by near-term flood risk. We use a structural model of credit risk to quantify the implied …
Persistent link: https://www.econbiz.de/10013462708
Cover Image
The IPCC Shared Socioeconomic Pathways (SSPs) : Explained, Evaluated, Replaced
Welch, Ivo - National Bureau of Economic Research - 2024
Shared socioeconomic pathways (SSPs) are perhaps the most influential economic policy analyses today. My paper evaluates their development, natural associations, logical consequences, and economic identification. All five SSP baseline scenarios are predicting scenarios that historical...
Persistent link: https://www.econbiz.de/10014512032