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, consistent with long-run adaptation to climate, sales sensitivity to weather declines with historical norms and variability of … weather. Short-run adaptation to weather shocks is dominated by changes in what people buy and how they buy it, with little … intertemporal substitution. Over four weeks, a one-standard deviation one-day weather shock shifts sales by about 10 percent. While …
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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...
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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...
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