Temperature and Human Capital in the Short-and Long-Run. Graff Zivin, J., Hsiang, S. M., & Neidell, M. 2015. ![Temperature and Human Capital in the Short-and Long-Run [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper abstract bibtex We provide the first estimates of the potential impact of climate change on human capital, focusing on the impacts from both short-run weather and long-run climate. Exploiting the longitudinal structure of the NLSY79 and random fluctuations in weather across interviews, we identify the effect of temperature in models with child-specific fixed effects. We find that short-run changes in temperature lead to statistically significant decreases in cognitive performance on math (but not reading) beyond 26C (78.8F). In contrast, our long-run analysis, which relies upon long-difference and rich cross-sectional models, reveals no statistically significant relationship between climate and human capital. This finding is consistent with the notion that adaptation, particularly compensatory behavior, plays a significant role in limiting the long run impacts from short run weather shocks.
@misc{graff_zivin_temperature_2015,
title = {Temperature and {Human} {Capital} in the {Short}-and {Long}-{Run}},
shorttitle = {{NBER} {Working} {Paper} 21157},
url = {http://www.nber.org/papers/w21157},
abstract = {We provide the first estimates of the potential impact of climate change on human capital, focusing on the impacts from both short-run weather and long-run climate. Exploiting the longitudinal structure of the NLSY79 and random fluctuations in weather across interviews, we identify the effect of temperature in models with child-specific fixed effects. We find that short-run changes in temperature lead to statistically significant decreases in cognitive performance on math (but not reading) beyond 26C (78.8F). In contrast, our long-run analysis, which relies upon long-difference and rich cross-sectional models, reveals no statistically significant relationship between climate and human capital. This finding is consistent with the notion that adaptation, particularly compensatory behavior, plays a significant role in limiting the long run impacts from short run weather shocks.},
urldate = {2017-07-11},
publisher = {National Bureau of Economic Research},
author = {Graff Zivin, J.S. and Hsiang, S. M. and Neidell, Matthew},
year = {2015},
keywords = {DR, Untagged},
}
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