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TitleHurricanes, climate change, and social welfare: evidence from the Caribbean
Publication TypeJournal Article
Year of Publication2020
AuthorsSpencer, N, Strobl, E
Pagination337 - 357
Date Published2020/11/01
ISBN Number1573-1480

We examine whether Caribbean islands will be worse off as hurricane activity alters under climate change. To this end, we construct island level damages for synthetic storm tracks generated from four climate models under current and future climate settings. Using a flexible stochastic dominance preference ordering framework, we find that the fat-tailed and uncertain nature of the distribution of storms makes it difficult to conclude that the region will be worse off under climate change, and is likely to depend on the degree of adaptation.

Short TitleClimatic Change
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