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This paper documents that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide crosssection of economic sectors. This effect is particularly strong for the summer: an increase of 1°F in the average summer temperature is...
Persistent link: https://www.econbiz.de/10011484896
This paper documents that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide cross-section of economic sectors. This effect is particularly strong for the summer: an increase of 1oF in the average summer temperature is...
Persistent link: https://www.econbiz.de/10012958093
We document that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide cross-section of economic sectors. This effect is particularly strong for the summer: a 1F increase in the average summer temperature is associated...
Persistent link: https://www.econbiz.de/10012904531
adaptation in the United States. The analysis produces several new facts. First, the reductions in the impact of extreme heat on … and consumption related to high temperatures, a commonly-used proxy for measuring the consumption of adaptation services … magnitude larger than the private cost of adaptation associated with electricity consumption. …
Persistent link: https://www.econbiz.de/10013329615
We estimate the short-run effects of severe weather shocks on local economic activity and assess cross …-border spillovers operating through economic linkages between U.S. states. We measure weather shocks using a detailed county … weather shocks hitting individual regions. We also show that (i) taking into account economic interconnections between states …
Persistent link: https://www.econbiz.de/10014552864
Do people move as a result of temperature shocks? Documenting weather as a push factor for migration is crucial for … informing policy related to climate change and adaptation. This paper studies the impacts of high temperature days on out …
Persistent link: https://www.econbiz.de/10013239049
This paper analyzes whether temperature changes influence economic growth in the contiguous 48 US states by employing panel methods that address both heterogeneity and cross-sectional dependence. Ultimately, it is determined that the negative effect of warming (proxied by cooling degree days) is...
Persistent link: https://www.econbiz.de/10012853947
.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long …
Persistent link: https://www.econbiz.de/10012806494
We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts … remainder of the century, of which $22 billion reflects how forecasts facilitate adaptation to climate change. …
Persistent link: https://www.econbiz.de/10014309747
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