Description:

Jacopo Ponticelli (Northwestern University): The Effects of Climate Change on Labor and Capital Reallocation: Evidence from Brazil (with Paula Bustos and Christoph Albert)

Abstract: We study the effect of climate change on the reallocation of labor and capital across regions and sectors. First, we estimate the effect of extreme weather events occurred in Brazil in the last two decades on the local economy of the affected areas. Second, we assess the magnitude and direction of labor and capital flows that they generate. Finally, we study their impact on destination regions.