Ah, okay. Yeah, since we’re ultimately looking at the ratio between GiveDirectly and climate change interventions we can view the income adjustment as applying to either one:
And is it fair to say that if it applies to the GD impact, then applying it differentially across countries no longer makes sense? (i.e. Hauke’s original approach does make sense after all?)
I agree that using a single factor for income adjustment and viewing it as a GiveDirectly adjustment only makes sense on Hauke’s approach. But I still think the assumptions that license this approach (i.e. that the social costs of carbon have already been income-adjusted) are wrong which is why I didn’t follow this approach in my model.
Ah, okay. Yeah, since we’re ultimately looking at the ratio between GiveDirectly and climate change interventions we can view the income adjustment as applying to either one:
GD impact⋅income adjustmentCC impact=GD impactCC impactincome adjustment.
And is it fair to say that if it applies to the GD impact, then applying it differentially across countries no longer makes sense? (i.e. Hauke’s original approach does make sense after all?)
I agree that using a single factor for income adjustment and viewing it as a GiveDirectly adjustment only makes sense on Hauke’s approach. But I still think the assumptions that license this approach (i.e. that the social costs of carbon have already been income-adjusted) are wrong which is why I didn’t follow this approach in my model.