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Deutsches Institut für Wirtschaftsforschung (DIW), Berlin >
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http://hdl.handle.net/10419/18116
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| Title: | | Environment and Happiness : Valuation of Air Pollution in Ten European Countries  |
| Authors: | | Welsch, Heinz |
| Issue Date: | | 2003 |
| Series/Report no.: | | DIW-Diskussionspapiere 356 |
| Abstract: | | This paper uses a set of panel data from happiness surveys, jointly with data on per capita income and pollution, to examine how self-reported well-being varies with prosperity and environmental conditions. This approach permits to show that citizens care about prosperity and the environment, and to calculate the trade-off people are willing to make between them. The paper finds that air pollution plays a statistically significant role as a predictor of intercountry and inter-temporal differences in subjective well-being. The effect of air pollution on well-being shows up as a considerable monetary valuation of improved air quality. The air quality improvements achieved in Western Europe in 1990-1997 are valued at almost $900 per capita per year in the case of nitrogen dioxide and more than $1400 per capita per year in the case of lead. |
| Subjects: | | pollution environmental valuation subjective well-being marginal rate of substitution |
| JEL: | | Q2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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| dp356.pdf | | 217.1 kB | Adobe PDF |
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