Improving Climate-Change Modeling of U.S. Migration

Manmade climate change (CC) has catastrophic consequences. The United States has already experienced wholesale population realignment due to climate as households have relocated to the Sunbelt and West. The irony is that people are moving towards the heat and major storms associated with CC. As CC intensifies, with high rates of internal U.S. factor mobility, firms and households will likely again relocate to areas with higher utility and profits, reducing CC costs. Yet current research typically focuses on CC costs in a given location without considering this realignment. We propose several avenues to overcome such shortcomings in U.S. CC modelling.