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

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Heal, Geoffrey

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TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w21119.Publication details: Cambridge, Mass. National Bureau of Economic Research 2015.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: 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.

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Working Paper	Biblioteca Digital	Colección NBER	nber w21119 (Browse shelf(Opens below))	Not For Loan

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Previous	nber w21116 Green Skills /	nber w21117 Culture, Institutions and Democratization /	nber w21118 Liquidity as Social Expertise /	nber w21119 Goldilocks Economies? Temperature Stress and the Direct Impacts of Climate Change /	nber w2112 Sources of Output and Price Variability in a Macroeconometric Model /	nber w21120 The Effect of State Taxes on the Geographical Location of Top Earners: Evidence from Star Scientists /	nber w21121 Monnet's Error? /	Next

April 2015.

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.