Do geographical variations in climate influence life satisfaction?

Thomas Murray, David Maddison and Katrin Rehdanz

No 1694, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: Accounting for socioeconomic and demographic variables as well as country specific effects, households' willingness to pay for changes in climate is revealed using European data on reported life satisfaction. Individuals located in areas with lower average levels of sunshine and higher average levels of relative humidity are less satisfied as are individuals in locations subject to significant seasonal variation in monthly mean temperatures and rain days. Ranking regions according to the preferred climates households appear strongly to favour the Mediterranean climate over the climate of Northern Europe.

Keywords: Life Satisfaction; Europe; Willingness to Pay; Climate; Climate Change (search for similar items in EconPapers)
JEL-codes: C21 I31 Q51 Q54 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: DO GEOGRAPHICAL VARIATIONS IN CLIMATE INFLUENCE LIFE-SATISFACTION? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1694

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