A Unifying Approach to Measuring Climate Change Impacts and Adaptation

52 Pages Posted: 26 May 2020 Last revised: 13 Dec 2021

See all articles by Antonio Bento

Antonio Bento

University of Southern California - Sol Price School of Public Policy

Noah Miller

University of Southern California

Mehreen Mookerjee

Zayed University

Edson Severnini

Carnegie Mellon University

Multiple version iconThere are 2 versions of this paper

Date Written: May 2020

Abstract

We develop a unifying approach to estimating climate impacts and adaptation, and apply it to study the impact of climate change on local air pollution. Economic agents are usually constrained when responding to daily weather shocks, but may adjust to long-run climatic changes. By simultaneously exploiting variation in weather and climate, we identify both the short- and long-run impacts on economic outcomes, and measure adaptation directly as the difference between those responses. As a result, we identify adaptation without making extrapolations of weather responses over time or space, and overcome omitted variable bias concerns in prior approaches.

Suggested Citation

Bento, Antonio and Miller, Noah and Mookerjee, Mehreen and Severnini, Edson, A Unifying Approach to Measuring Climate Change Impacts and Adaptation (May 2020). NBER Working Paper No. w27247, Available at SSRN: https://ssrn.com/abstract=3609701

Antonio Bento (Contact Author)

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089-0626
United States

Noah Miller

University of Southern California

Mehreen Mookerjee

Zayed University ( email )

P.O. Box 4783
Abu Dhabi
United Arab Emirates

Edson Severnini

Carnegie Mellon University

Pittsburgh, PA 15213-3890
United States

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