EconPapers    
Economics at your fingertips  
 

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) Downloads
Working Paper: Climate Amenities, Climate Change, and American Quality of Life (2013) Downloads
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 ().

 
Page updated 2024-12-29
Handle: RePEc:ucp:jaerec:doi:10.1086/684573