Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100065
Authors: 
Osberghaus, Daniel
Kühling, Jan
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers 14-042
Abstract: 
This paper deals with the effect of (i) damage experience from extreme weather events and (ii) expectations concerning future climate change on subjective wellbeing (SWB). We use data of a large representative survey amongst German households. The effect of experienced weather events on SWB of the heads of the households is only significant for heat waves; not for storms, heavy rain, and floods. Concern about future climate change on the household level has a substantial negative impact on current SWB. Moreover, we divide the impact of experience into direct effects of damage and indirect effects, which affect current SWB via the channel of expectations regarding future climate change. Both direct and indirect effects of weather experiences are quantified. It becomes apparent that the indirect effect is significant but small compared to the direct effect.
Subjects: 
climate change
subjective well-being
extreme weather events
household survey
JEL: 
Q54
Q51
D03
Document Type: 
Working Paper

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