Climate Change and Economic Inequality

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Questions and Answers

What is the potential negative impact of climate change on poor countries, as mentioned in the literature?

  • Increased resources for protection against climate change
  • Clear positive effect on economic inequality
  • Lower health and productivity due to higher temperatures (correct)
  • Higher economic growth due to non-linear relation with temperature

What is the reported median effect of temperature on inequality in hot countries?

  • 25% more inequality (correct)
  • No clear effect
  • 50% more inequality
  • 25% less inequality

How does climate change affect economic growth in cold countries, based on the study's findings?

  • Negative effect on economy/productivity/health
  • Unclear effect
  • Positive effect on economy/productivity/health (correct)
  • No impact on economic growth

What is the suggested impact of climate change on countries with low cumulative emissions of CO2?

<p>Negative effect: rich countries cause and profit, poor countries suffer (D)</p> Signup and view all the answers

According to the conclusion drawn from the study, which countries have profited from fossil fuels?

<p>HICs (High-Income Countries) (A)</p> Signup and view all the answers

What is suggested as an action based on the study's findings?

<p>Reduce fossil fuels as a form of development aid (C)</p> Signup and view all the answers

What does the literature suggest about the non-linear relation between temperature and its effect on economy/productivity/health?

<p>Positive effect for cool countries; negative for hot countries (C)</p> Signup and view all the answers

What is the reported median effect of temperature on inequality in cold countries?

<p>25% less inequality (B)</p> Signup and view all the answers

What is suggested to be checked regarding the study's findings?

<p>Check how they research robustness of results (B)</p> Signup and view all the answers

What does the literature suggest about the impact of reducing fossil fuels?

<p>Reducing fossil fuels is also development aid (C)</p> Signup and view all the answers

Which factor was NOT mentioned as a long-term effect of Covid?

<p>Inflation (B)</p> Signup and view all the answers

What was the focus of the paper's study for Belgium, Italy, Spain, and the UK?

<p>Effect of tax-benefit system on income (C)</p> Signup and view all the answers

What method was used for the study?

<p>Model simulation (C)</p> Signup and view all the answers

What did the study find about the effects of shock in different countries?

<p>Shock might be different due to victims and spread of disease (A)</p> Signup and view all the answers

What did the study find about the GINI index in different countries?

<p>&quot;GINI&quot; remained the same in 3 different countries, with Italy slightly higher (A)</p> Signup and view all the answers

What did the study conclude about focusing only on specific measures?

<p>&quot;Not good to focus only on specific measures, complete picture important&quot; (D)</p> Signup and view all the answers

What lesson did the study suggest regarding unemployment schemes based on last year's income?

<p>If unemployment schemes are based on last year's income, they may not cushion the shock of current income (B)</p> Signup and view all the answers

What did the study suggest about lump-sum transfers or minimum amounts before transfers?

<p>Lump-sum transfers or minimum amounts before transfers may be sub-optimal and help high-income people as well (B)</p> Signup and view all the answers

What is the reported median effect of temperature on inequality in hot countries?

<p>25% more inequality (B)</p> Signup and view all the answers

What does the literature suggest about the non-linear relation between temperature and its effect on economy/productivity/health?

<p>Positive effect for hot countries; negative for cool countries (B)</p> Signup and view all the answers

What did the study find about the effects of shock in different countries?

<p>Effects varied across countries (D)</p> Signup and view all the answers

What is suggested as an action based on the study's findings?

<p>Check how they research robustness of results and estimate effects (D)</p> Signup and view all the answers

What lesson did the study suggest regarding unemployment schemes based on last year's income?

<p>Unemployment schemes should consider other factors in addition to last year's income (B)</p> Signup and view all the answers

What is suggested to be checked regarding the study's findings?

<p>How they research robustness of results and estimate effects (A)</p> Signup and view all the answers

What did the study conclude about focusing only on specific measures?

<p>Focusing only on specific measures may not effectively address economic inequality caused by climate change. (A)</p> Signup and view all the answers

What was the focus of the paper's study for Belgium, Italy, Spain, and the UK?

<p>Spatial estimation of temperature effects (A)</p> Signup and view all the answers

What does the literature suggest about the impact of reducing fossil fuels?

<p>Positive impact on economic inequality for rich countries; negative for poor countries (C)</p> Signup and view all the answers

What did the study find about the GINI index in different countries?

<p>Significant increase in GINI index in hot countries; decrease in cold countries. (A)</p> Signup and view all the answers

What did the study suggest about the impact of lump-sum transfers or minimum amounts before transfers?

<p>They may be sub-optimal, helping high income people as well (A)</p> Signup and view all the answers

What did the study conclude about focusing only on specific measures?

<p>It is not good to focus only on specific measures; a complete picture is important (C)</p> Signup and view all the answers

What lesson did the study suggest regarding unemployment schemes based on last year's income?

<p>Unemployment schemes based on last year's income do not cushion the shock of current income (A)</p> Signup and view all the answers

What did the study find about the GINI index in different countries?

<p>It remained the same in 3 different countries, with Italy slightly higher (D)</p> Signup and view all the answers

What is suggested regarding existing instruments for dealing with Covid-related income losses?

<p>Employee unemployment schemes are especially important but may not be sufficient (A)</p> Signup and view all the answers

What did the study suggest about support often being categorical?

<p>It hinders compensation for some sub-groups and cannot identify all those affected (C)</p> Signup and view all the answers

What was suggested as a structural solution desirable based on the study's findings?

<p>Incentives to get a job and introducing a mechanism decreasing inequality for higher incomes (B)</p> Signup and view all the answers

What did the study suggest about absolute poverty resilience after compensation?

<p>Absolute poverty resilience decreased after compensation due to large losses in income before compensation (B)</p> Signup and view all the answers

What lesson did the study suggest about special measures necessary due to lack of an instrument like Unconditional Basic Income?

<p>Special measures were necessary as no instrument like Unconditional Basic Income was available, suggesting a need for structural change. (B)</p> Signup and view all the answers

What does the literature suggest about increasing inter-national inequality?

<p>Countries differ in response, increasing inter-national inequality. (C)</p> Signup and view all the answers

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