Full Citation

Title: Climate-Induced Labor Risk and Corporate Finance Implications Climate-Induced Labor Risk and Corporate Finance Implications Recommended Citation Recommended Citation

Citation Type: Dissertation/Thesis

Publication Year: 2023

ISBN:

ISSN:

DOI: 10.57709/35076667

NSFID:

PMCID:

PMID:

Abstract: This paper studies how physical climate risk affects corporations through the labor channel. By quantifying occupational climate exposure, I document that climate-exposed jobs have shorter working hours, lower productivity, and higher employment (especially of part-time workers) as workforce supplements. Firms with more climate-exposed workers adapt to unfavorable climate trends by retaining more employees, increasing insurance, and expanding offshore inputs. However, these firms have more workplace injuries and worse performance during climate surprises, indicating limitations of adaptation. I also explore various incentives and constraints for firms’ labor adaptation strategies and make further causal inferences by studying the implementation of the California Heat Standard.

Url: https://scholarworks.gsu.edu/cgi/viewcontent.cgi?article=1043&context=finance_diss

User Submitted?: No

Authors: Dissertations, Finance; Rachel Xiao, Jiqiu; Rachel, Jiqiu

Institution: Georgia State University

Department: Business

Advisor:

Degree:

Publisher Location:

Pages: 1-180

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

Countries: