[图书][B] Temperature and local industry concentration

J Ponticelli, Q Xu, S Zeume - 2023 - kellogg.northwestern.edu
We use plant-level data from the US Census of Manufacturers to study the short and long
run effects of temperature on manufacturing activity. We document that temperature shocks …

When temperatures matter: Extreme heat and labor share

Z Lyu, L Yu, C Liu, T Ma - Energy Economics, 2024 - Elsevier
While prior literature has demonstrated the negative effects of extreme heat on labor
productivity, empirical evidence remains limited on its implications for labor share. This study …

Climate-induced labor risk: Labor market consequences, firm labor adaptation strategies, and firm performance

R Xiao - Firm Labor Adaptation Strategies, and Firm …, 2021 - papers.ssrn.com
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 …

Climate-Induced Labor Risk and Firm Investments in Automation

R Xiao - Available at SSRN 4158049, 2022 - papers.ssrn.com
This paper studies whether and how firms adapt to climate-induced labor risks through
automation investments. Using textual analysis, I construct a measure of automation …

A Tale of Ice and Fire: Local Thermal Discomfort Surprises and Asset Prices

D Pu - Available at SSRN 4554629, 2023 - papers.ssrn.com
This paper studies the asset pricing implications of local thermal discomfort surprises
(“LTDS”), characterized by anomalous heat and cold. A long-short portfolio constructed from …

Investing in Automation: Evidence From Natural Disasters

MM Scanlon - 2024 - d-scholarship.pitt.edu
I investigate the extent to which establishments shift labor skill demand toward automation
when faced with labor scarcity. Using natural disasters as an exogenous shock to local labor …

Climate-Induced Labor Risk and Corporate Finance Implications

JR Xiao - 2023 - scholarworks.gsu.edu
Abstract Essay 1: Climate-Induced Labor Risk: Labor Market Consequences, Firm Labor
Adaptation Strategies, and Firm Performance Abstract: This paper studies how physical …