Sheng, XinChisadza, CarolynGupta, RanganPierdzioch, Christian2024-05-282024-05-282023-07Sheng, 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/s11356-023-27342-1.0944-1344 (print)1614-7499 (online)10.1007/s11356-023-27342-1http://hdl.handle.net/2263/96273DATA 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.This 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© The Author(s) 2023. This article is licensed under a Creative Commons Attribution 4.0 International License.Climate changeClimate shockWealth inequalityTemperaturesUnited Kingdom (UK)SDG-13: Climate actionSDG-01: No povertySDG-08: Decent work and economic growthArticle