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Industrial Productivity.pdf

graff-zivin-research-22962.pdf

🔗 Source: gps.ucsd.edu

📊 Size: 734 KB

👤 Author: matt

⬇️ Downloads: 284

Summary

Climate change is expected to reduce labor productivity, but air conditioning can mitigate this effect. A model of air conditioning adoption by heterogeneous firms suggests that high-productivity firms are more likely to adopt air conditioning, as they suffer larger productivity losses when it is hot. As a result, the macroeconomic effects of climate change will be smaller than predicted, since firms at the higher end of the productivity distribution account for a disproportionate share of industry-level output and are more likely to insulate themselves from ambient temperatures. Empirical analysis of the impacts of heat on total factor productivity in U.S. manufacturing supports the model's predictions.

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Description

Climate change is expected to reduce labor productivity, but air conditioning can mitigate this effect.

Technical Information

File Format: PDF
File Size: 734 KB
Pages: 30
Language: EN
Author: matt
Total Downloads: 284
Last Updated: 1 week ago

Document Overview

This PDF document about Industrial Productivity provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Industrial Productivity.