Much of the literature on how climate change will impact GDP estimates that the economic will be very large. Moreover, the estimates vary widely, with some studies predicting catastrophic economic consequences of global warming. Are those estimates reasonable?

Hosts and finance professors Jonathan Berk and Jules van Binsbergen have written a new paper with Stanford research fellow Cem Kozanoglu called Permanent Climate Change and GDP. In their study, they examine the long-term effects of climate change on economic activity by looking at the effect on individual productivity of choosing to move within the US, and come up with the surprising result that existing estimates may grossly overstate the economic cost of permanent climate change.

On this episode, Jonathan and Jules discuss their research findings, including addressing why current research methods might not accurately measure the effect on GDP of climate change and why internal migration patterns in the U.S. might be a better alternative approach to estimating the economic effect of climate change.

Show Links:

• Permanent Climate Change and GDP by Jonathan Berk, Jules H. van Binsbergen, and Cem Kozanoglu

Find All Else Equal on the web:

https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.

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With mounting pressure on the higher education system in the U.S., how can a university’s board of trustees make a difference in combating some of the issues these institutions face?

Hosts and finance professors Jonathan Berk and Jules van Binsbergen are back for a new season of the All Else Equal podcast, and in this episode they identify the major issues universities face today analyze the underlying root causes. They close the episode by explaining how board of trustees be more effective in solving the problems.

Jonathan and Jules go through each level of stakeholder at a university, including their incentives and how those incentives could be in conflict with a university’s core mission. They also list five most questions a board of trustees should ask to shed light on the issues.

Find All Else Equal on the web:

https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

All Else Equal is taking a short break over the summer and will be revisiting some of our favorite conversations from last season. The show will be back with new episodes soon.

Solicited or not, advice on where to invest your money seems to be around every corner these days. But determining whether the advice is credible and worth listening to can be challenging.

On this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen put sources of investment advice to the test and provide listeners with some guidance on how to judge the credibility of someone’s stock picks. They also discuss private investing and the potential risk of getting in on the ground floor as an angel investor.

Find All Else Equal on the web:

https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.