Modeling the Impact of Extreme Climate Events on Household Welfare: An Empirical Framework
回顾了微观层面定量估计极端气候事件对家庭福利影响的实证挑战,提出了一个概念框架,并通过热带气旋、洪水、极端高温和干旱四个案例讨论了不同挑战。
Abstract This paper provides a review of the main empirical challenges involved in quantitatively estimating the impact of extreme climate events on household welfare at the micro-level. To this end, it first outlines a conceptual framework of extreme climate event damage modeling that can aid in terms of considering the ideal input and damage function requirements to create appropriate proxies. It then considers the use of imperfect versions of these proxies in a general econometric framework designed for typical data contexts, and the implications with regard to the interpretation of the results for the impact on household welfare. Using four extreme climate event type case studies, namely tropical cyclones, flooding, extreme heat, and droughts, the study outlines and discusses their respective challenges within the proposed framework.