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.
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.