Publication
Apr 2011
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.
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English (PDF, 44 pages, 481 KB) |
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Author | Thomas Murray, David Maddison, Katrin Rehdanz |
Series | Kiel Institute Working Papers |
Issue | 1694 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2011 Kiel Institute for the World Economy |