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Weather-Related House Damage and Subjective Wellbeing

Nicholas Gunby and Tom Coupé

Working Papers in Economics from University of Canterbury, Department of Economics and Finance

Abstract: Climate change is causing weather-related natural disasters to become both more frequent and more severe. We contribute to the literature that estimates the economic impact of these disasters by using Australian data for the period 2009 to 2018 to estimate the impact of experiencing weather-related house damage on three measures of subjective wellbeing. While there is some evidence that poor people experience a sizeable and statistically significant decrease in subjective wellbeing following weather-related house damage, we find little evidence of a significant or sizable effect on average. In contrast, we find that, on average, both separation and job loss have a large and statistically significant impact on subjective wellbeing.

Keywords: climate change; subjective wellbeing; weather; disasters (search for similar items in EconPapers)
JEL-codes: I31 Q54 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2021-05-01
New Economics Papers: this item is included in nep-env, nep-fle, nep-hap and nep-res
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Persistent link: https://EconPapers.repec.org/RePEc:cbt:econwp:21/06

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