We show that disadvantaged demographic groups are disproportionately exposed to climate change in the US and are less responsive in their adaptive behavior. We develop and estimate a spatial equilibrium model of US local labor markets and show that climate change to date has caused welfare losses 20% larger for Black households relative to white households and twice as large for the lowest income decile relative to the highest income decile
__Job Market Paper__ I estimate the spatial and sectoral distribution of incidence from carbon pricing by developing and estimating a quantitative spatial equilibrium model. I find workers without a college degree in manufacturing bear the greatest burden. I also use the model to demonstrate that progressive compensation leads to a decline in aggregate carbon emissions relative to flat transfers, due to a reallocation of workers into cities and sectors that are less carbon-intensive
We document significant heterogeneity in the marginal effect of short-term rental (STR) listings on housing prices across LA county. In some areas, the effect of STRs on housing prices is _negative_. We develop a simple theory and provide descriptive evidence for our proposed mechanism.