Natural Disasters and Climate Change by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 9783030437084
Publisher: Springer International Publishing

(1)

where is the weather shock at time t in municipality j, is a matrix of time-varying individual and municipality characteristics, is a municipality-specific fixed effect that absorbs fixed spatial characteristics, whether observed or unobserved, disentangling the shock from many possible sources of omitted variable bias, are time-specific fixed effects that neutralize any common trends, and are idiosyncratic error terms, which we assume to be correlated over time for each municipality. Our parameter of interest is , which captures the effect of changes in weather on individual outcomes.

To capture weather shocks, we build the following indicators of weather shocks that could have influenced farmers’ lives. First, we measure shocks related to temperature defining Degree-days (DD) and Harmful Degree Days (HDD). Following Schlenker and Roberts (2009) and Aragon et al. (2019) we use a piecewise linear specification. If average daytime temperature for day t is denoted by , we can define DD using the following rule:

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