Using a new composite climate-risk index, we show that population in high-risk counties has grown disproportionately … over the last few decades, even relative to the corresponding commuting zone. We also find that the agglomeration is … largely driven by increases in the (white) working-age population. In addition, we show that high-risk tracts have typically …

respect to the role of migration. Interestingly, migration seems to be unimportant for the convergence process, at odds with … the recent emphasis on agglomeration effects and divergence. The population flows to urban centers do not generate growth …