This paper investigates the long-term implications of climate change on local, interregional, and international migration of workers. For nearly all of the world's countries, our micro-founded model jointly endogenizes the effects of changing temperature and sea level on income distribution and...

This letter investigates the effect of remittances on the migration response to climatic shocks. Using state-level data on Mexico-US migration between 2003 and 2017, we conduct dynamic system-GMM estimations in order to address the potential endogeneity of remittances. Our findings suggest that...

This paper opens with a short recollection of the Kiel Week Conference of 2002, recorded in a volume edited by Horst Siebert, titled Global Governance: An Architecture for the World Economy. Assess-ments and forecasts made at that time are scored against subsequent developments. Security...

Do natural disasters interplay with intensified international migration? Not only has the global migrant stock increased from 92 to 165 million between 1960 and 2000, but the frequency and magnitude of disasters have increased within the same period. In the face of exogenous shocks, migration is...

This study assesses the global economic consequences of climate-related risk in three broad areas: (1) the macroeconomic impacts of physical climate risk due to chronic climate change associated with global temperature increases and climate-related extreme shocks; (2) the macroeconomic effects...

Using a stress test framework, this paper examines what impact climate policy shocks might have on the Korean financial system. The results show that transition risks, the risks associated with low-carbon transition plans, have a negative impact on the economy and on the financial system over...

Denmark’s green growth strategy focuses on moving the energy system away from fossil fuels and investing in green technologies, while limiting greenhouse gas (GHG) emissions. On the whole, current policies should allow Denmark to reach near-term climate change targets, but may not be...

The estimated amount of people affected by natural hazards stands at a staggering number of about 243 million people per year. While not all of the affected move across borders, international migration potentially provides an adaptation mechanism to natural hazards. The aim of this paper is to...

This volume was prepared by Thomas Steinwachs while he was working at the ifo Center for International Economics. It was completed in September 2018 and accepted as a doctoral dissertation by the Department of Economics at the University of Munich (LMU). It is a collection of four self-contained...

This dissertation was prepared by Jasmin Gröschl and is a collection of five self-contained empirical essays. They aim at contributing to the understanding of non-standard determinants of trade and migration: historical and cultural characteristics in the United States (Chapter 1),...