Kiel Working Papers, Kiel Institute for World Economics
No 1694:
Do Geographical Variations in Climate Influence Life Satisfaction?
Thomas Murray, David Maddison and Katrin Rehdanz
Abstract: Accounting for socioeconomic and demographic variables as
well as country specific effects, households’ willingness to pay for
changes in climate is revealed using European data on reported life
satisfaction. Individuals located in areas with lower average levels of
sunshine and higher average levels of relative humidity are less satisfied
as are individuals in locations subject to significant seasonal variation
in monthly mean temperatures and rain days. Ranking regions according to
the preferred climates households appear strongly to favour the
Mediterranean climate over the climate of Northern Europe
Keywords: Life Satisfaction, Europe, Willingness to Pay, Climate, Climate Change; (follow links to similar papers)
JEL-Codes: C21,; I31,; Q51,; Q54; (follow links to similar papers)
44 pages, April 2011
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