Goldilocks Economies? Temperature Stress and the Direct Impacts of Climate Change / Geoffrey Heal, Jisung Park.

Format:

Book

Author/Creator:

Heal, Geoffrey.

Contributor:

National Bureau of Economic Research.

Park, Jisung.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21119.

NBER working paper series no. w21119

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

We review recent literature on the effect of temperature stress on economic activity, operating through basic human physiology. There is growing evidence from both micro and macro studies of causal impacts of extreme temperature on health, labor supply, and labor productivity, driven in large part by extreme heat stress. There is also a suggestion of an optimal temperature zone for economic activity, though empirical research on potential adaptive responses remains thin. This emerging literature has implications for the consequence of climate change, and may also provide a partial explanation of why hot countries are generally poorer than temperate or cold ones.

Notes:

Print version record

April 2015.