Economics at your fingertips  

Exposure to climate shocks, poverty and happiness: the ”three little pigs” effect

Leonardo Becchetti, Sara Mancini () and Sara Savastano
Additional contact information
Sara Mancini: University of Rome Tor Vergata

No 5, Working Papers from SITES


We evaluate the impact of climate shocks on household subjective wellbeing on a sample of farmers in a Small Island Developing State (SIDS) of the Pacific (the Solomon Islands). We find that both subjective (self-assessed exposure to climate shocks) and objective (past cumulative extended dry spells) environmental stress indicators significantly reduce respondent’s subjective wellbeing. Using the compensating surplus approach we calculate that this loss requires several years of crop income to be compensated. Subjective wellbeing is more severely impacted for farmers with poor dwellings (ie. with thatch walls, consistently with the well known Disney tale), below median income or durable asset and for farmers living more isolated and not being members of formal agricultural associations. Farmers hit by climate shocks experienced in significantly higher proportion nutrition problems in their households. These findings support the hypothesis of the strong interdependence between environmental and social shocks.

Keywords: climate shock; subjective wellbeing; compensating surplus; small scale Pacific islands (search for similar items in EconPapers)
JEL-codes: I31 Q01 Q20 (search for similar items in EconPapers)
Date: 2022-03
New Economics Papers: this item is included in nep-ene, nep-env and nep-hap
Note: SITES Working Papers 5
References: Add references at CitEc

Downloads: (external link) (application/pdf)

Related works:
Working Paper: Exposure to Climate Shocks, Poverty and Happiness: The ”Three Little Pigs” Effect (2022) 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:

Access Statistics for this paper

More papers in Working Papers from SITES
Bibliographic data for series maintained by SITES's editorial board ().

Page updated 2024-05-07
Handle: RePEc:awm:wpaper:5