Floods and happiness: Empirical evidence from Bulgaria
Filka Sekulova and
Jeroen van den Bergh
Ecological Economics, 2016, vol. 126, issue C, 51-57
•We conduct an econometric study on the effect of floods on happiness in Bulgaria.•Experiencing floods causes lasting reduction in subjective well-being.•The intensity of the flood seems to matter more than its timing.•Intangible or psychological damages of low-intensity floods can be substantial.•Material damages do not capture the entire impact of extreme events on happiness.
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