Ep80 Will Climate Change Really Lower Economic Growth?

Show notes

Much of the literature on how climate change will impact GDP estimates that the economic will be very large. Moreover, the estimates vary widely, with some studies predicting catastrophic economic consequences of global warming. Are those estimates reasonable? Hosts and finance professors Jonathan Berk and Jules van Binsbergen have written a new paper with Stanford research fellow Cem Kozanoglu called Permanent Climate Change and GDP . In their study, they examine the long-term effects of climate change on economic activity by looking at the effect on individual productivity of choosing to move within the US, and come up with the surprising result that existing estimates may grossly overstate the economic cost of permanent climate change. On this episode, Jonathan and Jules discuss their research findings, including addressing why current research methods might not accurately measure the effect on GDP of climate change and why internal migration patterns in the U.S. might be a better alternative approach to estimating the economic effect of climate change. Show Links: Permanent Climate Change and GDP by Jonathan Berk, Jules H. van Binsbergen, and Cem Kozanoglu Find All Else Equal on the web: https://lauder.wharton.upenn.edu/allelse/ All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM . Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.