Donadelli, Michael; Jüppner, Marcus; Riedel, Max; … - 2017
temperature shock has a sizable, negative and statistically significant impact on TFP, output, and labor productivity. We … response to a temperature shock, consistent with the novel evidence in the data. Such adverse effects are long-lasting. Over a … 50-year horizon, a one-standard deviation temperature shock lowers both cumulative output and labor productivity growth …
