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국회도서관 홈으로 정보검색 소장정보 검색

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Title page

Contents

Abstract 3

1. Introduction 4

2. Data 7

2.1. Climate Data 7

2.2. Labor Share 8

2.3. Covariates 9

3. Empirical Analysis 9

3.1. Baseline Results 9

3.2. Robustness Checks 12

4. Mechanism 13

4.1. Occupational Characteristics 13

4.2. Climate-Induced Automation 17

5. Assessment of Macroeconomic Impacts 20

6. Conclusion 21

References 23

Appendices for Online Publication 27

I. Additional Data Details 28

II. Additional Analyses 37

Table 1. Climate Change and Labor Share (by County-by-NAICS Industries, 2001-2019) 11

Table 2. Sensitivity of Climate Impacts to Temperature Exposure and Automation Potential 15

Table 3. Climate and Robot Adoption Across Industries 19

Figure 1. Climate Change and Labor Share in the US 5

Figure 2. Implied Impacts of Climate Change on Labor Share (1950-2001 vs. 2001-2019) 22

Table A-1. Summary Statistics 33

Table A-2. By Temperature Thresholds 38

Table A-3. By Treatment Window 39

Table A-4. By Measurements of Labor Shares 40

Table A-5. Dropping industries and regions 41

Table A-6. By Inclusion of Fixed Effects 42

Table A-7. The Impacts of Severer Temperature 43

Table A-8. By Temperature Thresholds (industrial robots from the BEA) 47

Table A-9. By Temperature Thresholds (industrial robots from the IFR) 48

Table A-10. Lagged Climate Effects on Robot Investments (industrial robots from the BEA) 49

Table A-11. Climate Impact on Capital Deployment by Broad Categories 50

Table A-12. Climate Impact on Digitalization 50

Figure A-1. Weather Stations in the US Mainland 28

Figure A-2. Hot and Cold Days across US Counties 29

Figure A-3. Exposure to Climate Change in the US 30

Figure A-4. Alternative Measures of the Labor Share 31

Figure A-5. Labor Shares across US Counties 32

Figure A-6. Hot Days and Labor Shares across US States (2019) 34

Figure A-7. Measurement: BEA Robots vs. IFR Robots 37

Figure A-8. Models with Sector heterogeneity and Adaptation 45

Figure A-9. Robustness Checks of Assessment across Modeling Choices 51

Figure A-10. Implied Impacts of Climate Change on Labor Shares 52