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Title: Climate-Induced Labor Risk: Labor Market Consequences, Firm Labor Adaptation Strategies, and Firm Performance

Citation Type: Miscellaneous

Publication Year: 2023

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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://papers-https//papers.ssrn.com/sol3/papers.cfm?abstract_id=4158038

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Authors: Xiao, Rachel

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Data Collections: IPUMS USA, IPUMS CPS

Topics: Land Use/Urban Organization, Work, Family, and Time

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