In this article, we examine how weather variables affect markets for U.S. high-end wines, both luxury wines and wines from the same region that are still high-end but not in the very limited highest category. Specifically, we compare so-called "cult wines" with "non-cult wines" from the same...

The projected increase in extreme climate events in the coming decades is likely to exacerbate the existing productivity and demographic challenges facing Europe. We study the dynamic, medium-run macroeconomic effects of heatwaves, droughts and floods in 1160 EU regions through the lens of a...

This paper evaluates the relative importance of natural and human factors in shaping public awareness of climate change. I compare the predictive efficacy of natural factors, represented by air temperature deviations from historical norms, and human factors, encompassing noteworthy political...

This study explores the link between daily weather conditions and individual engagement in physical activities within the context of the climate emergency. Using ATUS data from 2003-2022, alongside detailed daily-county weather data, the research investigates their correlations. Results...

We examine the impact of temperature shocks and climate change on household financial behaviour in Viet Nam. To do so, we first estimate the effect of temperature on household borrowing and savings using Vietnamese longitudinal data that matches satellite reanalysis temperature data with...

We leverage U.S. county-day temperature variation combined with daily time use data to examine the effect of temperature on the timing of work. We find that warmer (colder) temperatures increase (decrease) working time during the night and decrease (increase) working time in the morning. These...

In this paper, we explore the importance of accounting for climate when determining the impact of weather on product sales. Using a France-wide scanner panel dataset provided by our industry partner, we show that if climate is not accounted for, product categories may be misclassified as being...

This paper studies whether a minimum wage changes how labour markets respond to economic shocks. Using data from South Africa, we show that an agricultural minimum wage leads to higher mean wages with no significant impacts on mean employment. However, these positive aggregate outcomes hide...

We leverage U.S. county-day temperature variation combined with daily time use data to examine the effect of temperature on the timing of work. We find that warmer (colder) temperatures increase (decrease) working time during the night and decrease (increase) working time in the morning. These...

This paper examines the impact of temperature on soccer team productivity using match-level data from ten countries across three continents. The results show that temperature affects multiple performance metrics, often in non-linear ways. Specifically, attacking efficiency is enhanced in warmer...

This study examines the complex relationships between rainfall shocks, agricultural productivity, and rural economic activity in Rajasthan, India's largest state. Using district-level agricultural data from 1990 to 2015, enterprise surveys from 2010 to 2016, and household consumption data from...

As extreme weather risks escalate and related insured losses grow in magnitude, the availability and affordability of home insurance is coming under increasing pressure in certain regions. This is being amplified by various socioeconomic factors, including poor land use, outdated building codes,...

Extreme weather events are becoming more frequent with climate change, yet cold stress events remain understudied. I use the 2021 Texas freeze to examine household adaptation to extreme weather-induced blackouts, focusing on (1) adaptation uptake, (2) socio-economic disparities in adaptive...

Understanding the determinants of worker effort is central, as even small changes in productivity can have significant implications for economic growth and labor market performance. This study examines the relationship between extreme temperatures and work effort-proxied by non-work time while...

This study investigates the effect of climate shocks on olive oil production in Palestine, a region acutely vulnerable to both environmental change and political instability. We estimate the influences of temperature and rainfall fluctuations on four key outcomes: the olive-to-oil yield ratio,...

The paper examines the effects of extreme weather events-specifically floods, extreme temperatures, bushfires, and droughts-on per capita energy consumption across 141 countries from 1990 to 2023. While existing research often aggregates various natural disasters or focuses on localized...

I combine multiple rounds of geo-coded household survey data with a globally gridded climate dataset to quantify the impact of heat exposure on child disease incidence in sub-Saharan Africa. I construct hour-degree bins of temperature exposure and find that 10 additional hours of exposure to...

As climate change intensifies, societies face more frequent and severe heatwaves, while cold episodes also continue to occur. This study investigates how heat and cold anomalies and extremes influence EU citizens’ support for national climate adaptation policies—both relative to mitigation...

This study explores the heterogeneous and asymmetric macro-financial effects of climate change in CESEE countries, depending on the level of underlying macrofinancial vulnerabilities. Focusing solely on acute physical risks - those arising from extreme weather events - it employs panel quantile...

This paper examines the impact of temperature on soccer team productivity using match-level data from ten countries across three continents. The results show that temperature affects multiple performance metrics, often in non-linear ways. Specifically, attacking efficiency is enhanced in warmer...

Extreme weather has profoundly affected countries across South America (SA), given the importance of the agricultural sector for the economies. However, these effects have not yet been properly measured. In our study, we construct a unique dataset of high-frequency satellite data on temperature,...