Authors
Hanan G Jacoby, Mariano Rabassa, Emmanuel Skoufias
Publication date
2015/7
Journal
American Journal of Agricultural Economics
Volume
97
Issue
4
Pages
1135-1156
Publisher
Oxford University Press
Description
We develop a general equilibrium framework, based on a specific‐factors trade model, to quantify the medium‐term household welfare impacts of global warming in rural India. Using an hedonic approach grounded in the theory combined with detailed microdata, we estimate that three decades of warming will reduce agricultural productivity in the range of 7%–13%, with the arid northwest of India especially hard hit. Our analysis shows that the proportional welfare cost of climate change is likely to be both modest and evenly distributed across percentiles of the per capita income distribution, but this latter conclusion emerges only when the flexibility of rural wages is taken into account.
Total citations
Scholar articles
HG Jacoby, M Rabassa, E Skouas - World Bank Policy Research Working Paper, 2011
HG Jacoby, M Rabassa, E Skoufias - American Journal of Agricultural Economics, 2015
H Jacoby, E Skoufias, M Rabassa - World Bank, Washington DC. Accessed on, 2010