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Autoren: 
Stein, Wiebke
Weisser, Reinhard A.
Datum: 
2020
Schriftenreihe/Nr.: 
Hannover Economic Papers (HEP) No. 678
Zusammenfassung: 
This paper investigates how witnessing adverse weather events affects individuals' perceptions and consequently their personal well-being. To identify potential exposure to a weather shock, we link satellite-based data on flooding to an extensive household panel survey from rural Southeast Asia. We find that mere proximity to a potentially adverse shock, even without reporting any actual experience of the shock, can be sufficient to reduce individual well-being levels. This effect is not only restricted to the present but can also impinge on expected future well-being dynamics. Such a persistent distortionary effect from witnessing a weather shock may also have politico-economic repercussions by, for instance, altering support for redistributive policies.
Schlagwörter: 
Environmental shocks
Perception
Subjective well-being
GIS data
MODIS flood mapping
JEL: 
I31
Q51
R23
Dokumentart: 
Working Paper

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