Takeaway: By studying millions of Americans who permanently relocate across different climate zones, researchers found that warmer temperatures reduce worker earnings far less than leading climate-economy models predict. Key Points Short-term shocks vs. long-term climate: Traditional climate models often infer future economic damage from temporary weather spikes, which overstate long-run harm because they ignore human adaptation. Minimal wage penalty: Workers who move to loca

Takeaway: Conventional wisdom holds that high housing costs force low-income families into expensive rent payments, but a new study reveals that most rent-burdened households actually have many cheaper vacant apartments available in their immediate local area. Key Points The average low-income household spending more than 30% or 50% of its income on rent could move to a cheaper vacant apartment in the same local area with the same number of bedrooms. Even in high-cost, tight