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Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing...
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Earlier meta-analyses of the economic impact of climate change are updated with more data, with three new results: (1) The central estimate of the economic impact of global warming is always negative. (2) The confidence interval about the estimates is much wider. (3) Elicitation methods are most...
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We present a model based on Keynesian aggregate demand and labor productivity growth to study how climate damage affects the long-run evolution of the economy. Climate change induced by greenhouse gas lowers profitability, reducing investment and cutting output in the short and long runs....
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whether climate shocks affect income inequality in a large number of countries. We use data on climate indicators, income and … inequality measures for 153 countries spanning a long time period. The climate shock is identified as the disturbance that … with an increase in measures of income inequality. We find a heterogeneous impact of the on the left and right tail within …
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