725/2024 Aatishya Mohanty, Nattavudh Powdthavee, CK Tang, Andrew J. Oswald

This paper studies natural disasters and the psychological costs of climate change. It presents what we believe to be the first evidence that higher temperature variability and not a higher level of temperature is what predicts natural disasters. This conclusion holds whether or not we control for the (incorrectly signed) impact of temperature. The analysis draws upon longdifferences regression equations using GDIS data from 1960-2018 for 176 countries and the contiguous states of the USA. Results are checked on FEMA data. Wellbeing impact losses are calculated. To our knowledge, the paper’s results are unknown to natural and social scientists.

Wellbeing