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For whom the bell tolls : climate change and income inequality
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Autores
Orientador(es)
Resumo(s)
Climate change is the defining challenge of our time with complex and evolving dynamics. The
effects of climate change on economic output and financial stability have received considerable
attention, but there has been much less focus on the relationship between climate change and
income inequality. In this paper, we provide new evidence on the association between climate
change and income inequality, using a large panel of 158 countries during the period 1995 – 2019.
We find that an increase in climate change vulnerability is positively associated with rising income
inequality. More interestingly, splitting the sample into country groups reveals a considerable
contrast in the impact of climate change on income inequality. While climate change vulnerability
has no statistically significant effect on income distribution in advanced economies, the coefficient
on climate change vulnerability is seven times greater and statistically highly significant in the case
of developing countries due largely to weaker capacity for climate change adaptation and mitigation.
These findings are robust with alternative estimation methods and measures of income inequality,
but it should be noted that the appropriate measurement of climate change vulnerability and
resilience remains a challenge that imposes limits on empirical analysis.
Descrição
Palavras-chave
Income inequality climate change vulnerability resilience
Contexto Educativo
Citação
Cevik, Serhan e João Tovar Jalles (2023). "For whom the bell tolls : climate change and income inequality". REM Working paper series, nº 0277/2023
Editora
ISEG - REM - Research in Economics and Mathematics