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Title: Climate Change, Migration, and Regional Economic Impacts in the U.S.

Citation Type: Journal Article

Publication Year: 2018

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Abstract: Recent studies predict that climate change will lead to a redistribution of population across the U.S., as people choose to locate in regions less susceptible to extreme climate. However, these studies ignore the fact that migration will be dampened by changes in wage rates and housing prices as a result of migration. In this study, we apply a novel approach of linking a residential sorting model to an inter-regional computable general equilibrium model of the U.S. to capture wage and housing price feedbacks to assess the economic impacts of climate change-induced migration. We find that endogenizing wages significantly dampens migration patterns. However, there are significant positive impacts on gross regional product and consumption in the Northeast, West, and California at the expense of the South and Midwest. In addition, wage effects are found to dominate housing price and climate effects, which results in larger welfare changes.

Url: https://www.journals.uchicago.edu/doi/abs/10.1086/697168?journalCode=jaere

User Submitted?: No

Authors: Fan, Qin; Fisher-Vanden, Karen; Klaiber, H. Allen

Periodical (Full): Journal of the Association of Environmental and Resource Economists

Issue: 3

Volume: 5

Pages: 643-671

Data Collections: IPUMS USA

Topics: Housing and Segregation, Labor Force and Occupational Structure, Migration and Immigration, Natural Resource Management

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