Climate change and the nonlinear impact of precipitation anomalies on income inequality.

Climate anomalies, such as floods and droughts, as well as gradual temperature changes have been shown to adversely affect economies and societies. Although studies find that climate change might increase global inequality by widening disparities across countries, its effects on within-country income distribution have been little investigated, as has the role of rainfall anomalies. Here, we show that extreme levels of precipitation exacerbate within-country income inequality.

Evidence for sharp increase in the economic damages of extreme natural disasters.

Climate change has increased the frequency and intensity of natural disasters. Does this translate into increased economic damages? To date, empirical assessments of damage trends have been inconclusive. Our study demonstrates a temporal increase in extreme damages, after controlling for a number of factors.