@techreport{NBERw14680,
 title = "Temperature and Income: Reconciling New Cross-Sectional and Panel Estimates",
 author = "Melissa Dell and Benjamin F. Jones and Benjamin A. Olken",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "14680",
 year = "2009",
 month = "January",
 URL = "http://www.nber.org/papers/w14680",
 abstract = {This paper presents novel evidence and analysis of the relationship between temperature and income. First, using sub-national data from 12 countries in the Americas, we provide new evidence that the negative cross-country relationship between temperature and income also exists within countries and even within states. Second, we provide a theoretical framework for reconciling the substantial, negative association between temperature and income in the cross-section with the even stronger short-run effects of temperature estimated by panel models. The theoretical framework suggests that half of the negative short-term effects of temperature may be offset in the long run through adaptation.},
}