Well-being Effects of Extreme Weather Events in the US

Mona Ahmadiani and Susana Ferreira

No 236259, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: This paper estimates the effect of extreme weather and climate events on the subjective wellbeing of US residents. We match forty two billion-dollar disaster events with individual survey data between 2005 and 2010. We find that being affected by a disaster has a negative and robust impact on life satisfaction that disappears 6 to 8 months after the event. In our sample severe storms are the main culprit in the reduction of life satisfaction; droughts also have a negative impact on life satisfaction and exhibit a more persistent effect.

Keywords: Environmental Economics and Policy; Health Economics and Policy; Public Economics (search for similar items in EconPapers)
Pages: 34
Date: 2016-05
New Economics Papers: this item is included in nep-env and nep-hap
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:236259

DOI: 10.22004/ag.econ.236259

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