Health and Amenity Effects of Global Warming

Thomas Gale Moore
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Thomas Gale Moore: Hoover Institution Stanford University

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Abstract: A somewhat warmer climate would probably reduce mortality in the United States and provide Americans with valuable benefits. Regressions of death rates in Washington, DC, and in some 89 urban counties scattered across the nation on climate and demographic variables demonstrate that warmer temperatures reduce deaths. The results imply that a 2.5° Celsius warming would lower deaths in the United States by about 40,000 per year. Although the data on illness are poor, the numbers indicate that warming might reduce medical costs by about $20 billion annually. Utilizing willingness to pay as a measure of preference, this paper regresses wage rates for a few narrowly defined occupations in metropolitan areas on measures of temperature and size of city and finds that people prefer warm climates. Workers today would be willing to give up between $40 billion and $61 billion in wages for a 2.5°C increase in temperatures.

Keywords: global warming; amenity values; value of life; death rates (search for similar items in EconPapers)
JEL-codes: J17 J31 Q25 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1996-04-17
Note: Type of Document - HTML; prepared on Mac; pages: 27; figures: one. Prepared in Word and translated into HTML. A copy can be found with figure on http://hoover.stanford.edu/~moore/publications.html
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