Climate Amenities, Climate Change, and American Quality of Life
David Albouy,
Walter Graf,
Ryan Kellogg and
Hendrik Wolff
Journal of the Association of Environmental and Resource Economists, 2016, vol. 3, issue 1, 205 - 246
Abstract:
We present a hedonic framework to estimate US households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor a daily average temperature of 65 degrees Fahrenheit, that they will pay more on the margin to avoid excess heat than cold, and that damages increase less than linearly over extreme cold. These preferences vary by location due to sorting or adaptation. Changes in climate amenities under business-as-usual predictions imply annual welfare losses of 1%-4% of income by 2100, holding technology and preferences constant.
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (82)
Downloads: (external link)
http://dx.doi.org/10.1086/684573 (application/pdf)
http://dx.doi.org/10.1086/684573 (text/html)
Access to the online full text or PDF requires a subscription.
Related works:
Working Paper: Climate Amenities, Climate Change, and American Quality of Life (2013) 
Working Paper: Climate Amenities, Climate Change, and American Quality of Life (2013) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jaerec:doi:10.1086/684573
Access Statistics for this article
More articles in Journal of the Association of Environmental and Resource Economists from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().