Temperature and Income: Reconciling New Cross-Sectional and Panel Estimates / Melissa Dell, Benjamin F. Jones, Benjamin A. Olken.

Format:

Book

Author/Creator:

Dell, Melissa.

Contributor:

National Bureau of Economic Research.

Jones, Benjamin F.

Olken, Benjamin A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w14680.

NBER working paper series no. w14680

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Temperature and Income

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2009.

Summary:

This paper presents novel evidence and analysis of the relationship between temperature and income. First, using sub-national data from 12 countries in the Americas, we provide new evidence that the negative cross-country relationship between temperature and income also exists within countries and even within states. Second, we provide a theoretical framework for reconciling the substantial, negative association between temperature and income in the cross-section with the even stronger short-run effects of temperature estimated by panel models. The theoretical framework suggests that half of the negative short-term effects of temperature may be offset in the long run through adaptation.

Notes:

Print version record

January 2009.