NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Marginal Product of Climate

Tatyana Deryugina, Solomon Hsiang

NBER Working Paper No. 24072
Issued in November 2017

---- Acknowledgments ----

Portions of this analysis were previously circulated as an NBER working paper under the title "Does the Environment Still Matter? Daily Temperature and Income in the United States." We thank Max Auffhammer, Marshall Burke, Tamma Carleton, Melissa Dell, Olivier Deschenes, Don Fullerton, Michael Greenstone, Hilary Hoynes, Amir Jina, Larry Karp, Bentley Macleod, Kyle Meng, Edward Miguel, Robert Pindyck, Billy Pizer, Jonathan Proctor, Julian Reif, James Rising, Michael Roberts, Francois Salanie, Wolfram Schlenker, Richard Schmalensee, Joe Shapiro, Tony Smith, David Strömberg, James Stock, Anna Tompsett, Reed Walker, Frank Wolak, and seminar participants at Chicago, FEEM, IZA, LSE, MIT, NBER EEE Summer Institute, Princeton, Stanford, Stockholm, Toulouse School of Economics, UC Berkeley, UC Davis, UC Santa Barbara, UI Urbana-Champaign, UNC, and Yale for discussions and comments. We thank Tamma Carleton, Michael Delgado, DJ Rasmussen, and Andrew Wilson for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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