Michael Greenstone and Environmental Economics
Michael Greenstone
- Professor in Economics at Univeristy of Chicago
- Director of the Energy Policy Institute at Chicago (EPIC)
Effects of Air Pollution
1-percent reduction in TSPs results in a 0.35 percent decline in the infant mortality rate at the county level
2500 fewer infants died from 1980–1982 recession than would have in the absence of the TSPs reductions
Effects of Climate Change
By the end of the century climate change will lead to increases of 3 percent in the age-adjusted mortality rate and 11 percent in annual residential energy consumption.
Thoughts for Evaluation
- Economic shock and natural experience
- Make use of regulatory and climate data
- Communication for policy change
Links
References
Chay, Kenneth Y., and Michael Greenstone. 2003. “The Impact of Air Pollution on Infant Mortality: Evidence from Geographic Variation in Pollution Shocks Induced by a Recession*.” The Quarterly Journal of Economics 118 (3): 1121–67. https://doi.org/10.1162/00335530360698513.
Deschênes, Olivier, and Michael Greenstone. 2011. “Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US.” American Economic Journal: Applied Economics 3 (4): 152–85. https://doi.org/10.1257/app.3.4.152.