DO GEOGRAPHICAL VARIATIONS IN CLIMATE INFLUENCE LIFE-SATISFACTION?

Thomas Murray, David Maddison and Katrin Rehdanz
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Thomas Murray: Department of Economics, University of Birmingham, Edgbaston B15 2TT, UK

Climate Change Economics (CCE), 2013, vol. 04, issue 01, 1-21

Abstract: Accounting for socioeconomic and demographic variables, as well as country-specific effects, households' marginal willingness to pay for climate is revealed using European data on 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 by climate households appear strongly to favor the Mediterranean climate over the climate of Northern Europe.

Keywords: Life-satisfaction; Europe; willingness to pay; climate; climate change; C21; 31; Q51; Q54 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:wsi:ccexxx:v:04:y:2013:i:01:n:s2010007813500048

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DOI: 10.1142/S2010007813500048

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