Temperature Stress and the Direct Impact of Climate Change: A Review of an Emerging Literature

Citation:

Heal, Geoffrey, and Jisung Park. “Temperature Stress and the Direct Impact of Climate Change: A Review of an Emerging Literature.” Review of Environmental Economics and Policy 10, no. 2 (2016): 1-17.

Date Published:

Aug 23 2016

Abstract:

This article reviews the recent literature on the economics of extreme temperature. There is growing evidence from both micro and macro studies on the causal impacts of short run extreme temperature stress on health, labor supply, and labor productivity, although empirical research on potential adaptive responses in the long run remains thin. We argue that, in addition to providing causally well-identified estimates of heat-related damages, environmental economics has an important role to play in estimating the full welfare costs of temperature stress taking into account behavioral responses and institutional settings. 

Publisher's Version

Last updated on 10/28/2016