U.S. household preferences for climate amenities: Demographic analysis and robustness testing

Jared C. Carbone (), Sul-Ki Lee () and Yuzhou Shen ()
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Jared C. Carbone: Division of Economics and Business, Colorado School of Mines
Sul-Ki Lee: Korean Institute for Industrial Economics and Trade
Yuzhou Shen: Division of Economics and Business, Colorado School of Mines

No 2019-04, Working Papers from Colorado School of Mines, Division of Economics and Business

Abstract: We estimate household demand for climate amenities in the United States with two main objectives in mind: (i) to estimate model parameters with the demographic detail needed to inform climate-induced migration responses in regional population projections for use in climate impact analysis; (ii) to study the robustness of estimates from the existing literature. With respect to the former goal, we find important differences in job-related migration motives by age group and in the overall propensity to migrate among households with children. With respect to the latter aim, our framework shares a common, discrete-choice framework with other, recent attempts to recover climate preferences, allowing us to explore the consequences of a number of key assumptions in a systematic manner. Consistent with the existing literature, we find relatively robust estimates of the impact of the frequency of extreme heat days on household location decisions. The impacts of other, common measures of climate, including the frequency of extreme cold days, average summer and winter temperatures, annual precipitation, humidity and frequency of sunshine, are not identified with precision.

Keywords: climate amenities; discrete choice; robustness testing (search for similar items in EconPapers)
JEL-codes: Q51 Q54 R23 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2019-10
New Economics Papers: this item is included in nep-age, nep-dcm, nep-env, nep-mig and nep-res
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http://econbus-papers.mines.edu/working-papers/wp201904.pdf First version, 2019 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:mns:wpaper:wp201904

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