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Climate Change and Inequality

Author

Listed:
  • Carolyn Chisadza

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

  • Matthew Clance

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

  • Xin Sheng

    (Lord Ashcroft International Business School, Anglia Ruskin University, Chelmsford, United Kingdom)

  • Rangan Gupta

    (Department of Economics, University of Pretoria, Private Bag X20, Hatfield 0028, South Africa)

Abstract

This paper examines the effects of climate change on income inequality in the United States. Computing IRFs from the local projections method, we empirically show that there is an immediate temporary positive response in income inequality from rising temperatures. We also find that the shock on income inequality is not permanent. However, if the effects of rising temperatures are unabated, income inequality starts to rise in the later periods and continues to rise well above its steady state. Our results highlight an important pathway that climate change can negatively affect sustainable development, through increased income inequality.

Suggested Citation

  • Carolyn Chisadza & Matthew Clance & Xin Sheng & Rangan Gupta, 2022. "Climate Change and Inequality," Working Papers 202244, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:202244
    as

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    More about this item

    Keywords

    temperatures; climate change; income inequality; United States;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

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