This is a past event
The seminar will be held in Edward Wright Annex G04 and Online via MS Teams on Feburary 12th from 3pm - 4:15pm.
Join Prof Gerhard Kling, Chair in Finance at the University of Aberdeen Business School.
Abstract:
Prior studies compare deaths during summer and winter using a static and binary approach. Most studies focus on short periods, usually less than a decade, making it hard to observe the impact of climate change. Using data for England & Wales from 1930 to 2016, this paper decomposes monthly deaths into cycles by applying Discrete Wavelet Transforms. The short-term cycle (seasonal component), explained by climate-related variables and flu outbreaks, has weakened over time. Higher minimum temperatures during winter have contributed to a decline in seasonal mortality – but this 'climate dividend' has diminished as higher maximum temperatures during summer increase mortality. The long-term component is associated with health expenditure, public debt, GDP per capita, unemployment, inflation and the proportion of older adults. While the long-term component declined during our study period, a recent rebound coincided with the UK's austerity period. This study shows that sustainable, long-term investment in health and the economy can mitigate the impact of climate change on mortality.
- Speaker
- Prof Gerhard Kling
- Hosted by
- University of Aberdeen Business School