A Unifying Approach to Measuring Climate Change Impacts and Adaptation

49 Pages Posted: 16 Jun 2020

See all articles by Antonio Bento

Antonio Bento

University of Southern California

Noah Miller

University of Southern California

Mehreen Mookerjee

Zayed University

Edson Severnini

Carnegie Mellon University

Date Written: May 1, 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 exploiting simultaneously variation in weather and climatic changes, 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 prior studies’ biases in the estimates of climate adaptation.

Keywords: Climate change estimation methods, climate impacts, adaptation, local air pollution, ambient ozone concentration, 'climate penalty' on ozone

JEL Classification: Q53, Q54, C51

Suggested Citation

Bento, Antonio and Miller, Noah and Mookerjee, Mehreen and Severnini, Edson, A Unifying Approach to Measuring Climate Change Impacts and Adaptation (May 1, 2020). Available at SSRN: https://ssrn.com/abstract=3608489 or http://dx.doi.org/10.2139/ssrn.3608489

Antonio Bento (Contact Author)

University of Southern California ( email )

2250 Alcazar Street
Los Angeles, CA 90089
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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