The distributional effects of climate change. An empirical analysis
研究了气候冲击如何影响收入不平等，发现不利气候冲击会加剧收入不平等，尤其对低收入家庭影响更大，且低收入、炎热、农业占比高、适应能力弱的国家受影响更严重。
The role of climate change on output has been studied extensively in the empirical literature. However, its distributional implications have received little attention. This paper attempts to fill this gap by investigating if climate shocks affect income inequality. Using a Vector Autoregression for a large cross-country panel, we identify the climate shock in the frequency domain as the shock that explains the bulk of the variance of climate variables in the long-run. An adverse climate shock is associated with an increase in measures of income inequality, affecting mostly low income households. The impact of the shock is larger in magnitude for low income, hot countries with a significant agricultural sector and low degree of adaptation to climate change.