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...

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...

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...

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 study examines whether receiving anticipatory cash transfers during an extreme winter affects households’ demand for index-based livestock insurance. We exploit a randomized field experiment conducted during the 2020/21 winter disaster in western Mongolia and combine household panel...

Extreme heat is increasing in frequency and intensity, with disproportionate risks for clinically and socially vulnerable groups. This paper identifies the relationship between acute heat and mortality in Aotearoa New Zealand. To estimate same-day heat-mortality associations, we link...

We quantify the effect of severe weather shocks on the US economy in an environment in which the economy can switch between periods of financial stability and financial instability, like the Great Recession. We estimate a New Keynesian dynamic stochastic general equilibrium model with banks and...

Less or more rain, forever pain? This paper examines the long-run and intergenerational effects of early-life exposure to droughts and wet shocks on human capital outcomes over the life course. Combining a unique three-decade longitudinal survey of pregnant mothers in Metropolitan Cebu, the...

Gender-based violence (GBV) remains a critical threat to women's safety and equality worldwide, yet the role of climate and environmental stressors in shaping violence against women remains underexplored, particularly in developed countries. This study identifies the causal impact of shortrun...

Gender-based violence (GBV) remains a critical threat to women's safety and equality worldwide, yet the role of climate and environmental stressors in shaping violence against women remains underexplored, particularly in developed countries. This study identifies the causal impact of short-run...

This paper examines the short-term macroeconomic and sectoral effects of extreme weather events in Germany, France, Italy, and Spain. We construct novel indicators of extreme temperature and precipitation based on percentile thresholds of long-run historical distributions and estimate their...

Higher temperatures can increase substance abuse and exacerbate its physiological effects on the human body, raising the risk of violent behavior. Using administrative crime records and daily temperatures in the United States between 1991 and 2023, we show that two public policies regulating...

Physical climate risks significantly influence banks' collateral practices. Drawing on comprehensive loan-level data from Sweden, we find that adverse weather events increase both the likelihood and the amount of collateral required for new loans. For existing loans, banks are less inclined to...

This paper examines the impact of temperature shocks on individual earnings and income inequality in South Africa. We leverage high-resolution satellite temperature data, merged with administrative tax records from the South African National Treasury and UNU-WIDER. Data from 2009 to 2022 shows...

We study how weather shocks affect the farm-size distribution and agricultural productivity. Using survey data from several developing countries, we document new empirical patterns in farm-size dynamics and the effect of weather shocks. Drawing on unique administrative data from Colombia with...

We examine how rainfall variability affects weekly hours worked among Filipino workers using nationally representative Labor Force Survey (LFS) data merged with regional rainfall records from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). While...

This paper examines the growing impacts of climate change in the US homeowner's insurance industry. As climate change-driven weather extremes and natural disasters have accelerated in their frequency and severity, they have inflicted increasingly more residential property damage and destruction,...

We propose a nonparametric framework for estimating the extremal index that captures the persistence of extreme observations. The framework provides unified and simple procedures for verifying the well-known local dependence condition D(ᵈ) (un), which characterizes the extremal index yet is...

Extreme weather events are increasingly treated as pivotal moments for climate engagement. Yet attribution does not occur in a vacuum. Extreme weather events invite multiple plausible policy-relevant culprits: the hazard as an extreme phenomenon, governance or infrastructure failures, land-use...

This study comprehensively assesses the effects of exposure to temperature extremes on workplace health, safety, and economic outcomes. Using Japanese prefecture-level data on work-related injuries and fatalities (2014-2019) combined with weather records, we estimate that higher temperatures...

Fisheries are vital to Somalia's economy, nutrition, and livelihoods, yet their sustainability is increasingly threatened by climate variability. This study investigates the impact of five key climate variables, rainfall, air temperature, CO2 emissions, sea surface temperature (SST), and wind...

Evidence on the long-run mental health effects of disasters remains limited. This study estimates the causal effects of exposure to extreme weather events (EWEs) on mental health treatment among working-age adults in New Zealand. Unlike much of the existing literature, which focuses on single...

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...