Temperature and Income: Reconciling New Cross-Sectional and Panel Estimates
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Olken_Temperature and.pdf
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Author(s)
Dell, Melissa Lynne
Jones, Benjamin F.
Olken, Benjamin A.
Date Issued
May 2009
Journal
American Economic Review
Publisher
American Economic Association
Citation
Dell, Melissa, Benjamin F. Jones, and Benjamin A. Olken. 2009. "Temperature and Income: Reconciling New Cross-Sectional and Panel Estimates." American Economic Review, 99(2): 198–204. © 2009 American Economic Association.
Version
Final published version
Abstract
It has long been observed that hot countries
tend to be poor. A correlation between heat
and poverty was noted as early as Charles de
Montesquieu (1750) and Ellsworth Huntington
(1915), and it has been repeatedly demonstrated
in contemporary data (e.g., William D. Nordhaus
2006). Looking at a cross section of the world in
the year 2000, national income per capita falls
8.5 percent per degree Celsius rise in temperature
(see Table 2 below). In fact, temperature
alone can explain 23 percent of the variation in
cross-country income today.
MIT Department
Massachusetts Institute of Technology. Department of Economics
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DOI of Published Version
https://doi.org/10.1257/aer.99.2.198
