Climate shocks and wealth inequality in the UK : evidence from monthly data

dc.contributor.authorSheng, Xin
dc.contributor.authorChisadza, Carolyn
dc.contributor.authorGupta, Rangan
dc.contributor.authorPierdzioch, Christian
dc.contributor.emailcarolyn.chisadza@up.ac.zaen_US
dc.date.accessioned2024-05-28T11:50:45Z
dc.date.available2024-05-28T11:50:45Z
dc.date.issued2023-07
dc.descriptionDATA AVAILABILITY : The datasets used and/or analyzed in the current study are all publicly available as indicated in the data segment of the paper, and are also available from the corresponding author on a reasonable request.en_US
dc.description.abstractThis paper investigates both the linear and nonlinear effects of climate risk shocks on wealth inequality in the UK using the local projections (LPs) method, based on high-frequency, i.e., monthly data. The linear results show that climate risk shocks lead to an increase in wealth inequality in the longer term. The nonlinear results present some evidence of heterogeneous responses of wealth inequality to climate risk variable shocks between high- and low-climate risk regimes. The findings highlight the disproportionate increased burden of climate change on households that are already experiencing poverty, particularly households in high-climate risk areas. As such, measures to mitigate the adverse effects of climate change need to be tailored so as not to overburden the poor.en_US
dc.description.departmentEconomicsen_US
dc.description.librarianam2024en_US
dc.description.sdgSDG-01:No povertyen_US
dc.description.sdgSDG-08:Decent work and economic growthen_US
dc.description.sdgSDG-13:Climate actionen_US
dc.description.urihttps://www.springer.com/journal/11356en_US
dc.identifier.citationSheng, X., Chisadza, C., Gupta, R. et al. 2023, 'Climate shocks and wealth inequality in the UK : evidence from monthly data', Environmental Science and Pollution Research, vol. 30, pp. 77771-77783. https://DOI.org/10.1007/s11356-023-27342-1.en_US
dc.identifier.issn0944-1344 (print)
dc.identifier.issn1614-7499 (online)
dc.identifier.other10.1007/s11356-023-27342-1
dc.identifier.urihttp://hdl.handle.net/2263/96273
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.rights© The Author(s) 2023. This article is licensed under a Creative Commons Attribution 4.0 International License.en_US
dc.subjectClimate changeen_US
dc.subjectClimate shocken_US
dc.subjectWealth inequalityen_US
dc.subjectTemperaturesen_US
dc.subjectUnited Kingdom (UK)en_US
dc.subjectSDG-13: Climate actionen_US
dc.subjectSDG-01: No povertyen_US
dc.subjectSDG-08: Decent work and economic growthen_US
dc.titleClimate shocks and wealth inequality in the UK : evidence from monthly dataen_US
dc.typeArticleen_US

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