Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3211
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dc.contributor.authorRehdanz, Katrinen_US
dc.contributor.authorMaddison, Daviden_US
dc.date.accessioned2009-01-28T14:22:03Z-
dc.date.available2009-01-28T14:22:03Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/3211-
dc.description.abstractThis study uses the hedonic approach to measure the amenity value of climate in Germany. Unlike in earlier research separate hedonic wage and house price regressions are estimated for relatively small geographic areas and formal tests undertaken to determine whether the coefficients describing the impact of climate variables are homogenous across these areas. Evidence suggests that German households are compensated for climate amenities mainly through hedonic housing markets. Given that climate is largely unproductive to industry and few industries spend more on land than labour this is consistent with what theory would predict. Throughout Germany house prices are higher in areas with higher January temperatures, lower July temperatures and lower January precipitation. In East Germany wages are higher in areas with higher January precipitation. The full implicit price of climate variables however is very uncertain.en_US
dc.language.isoengen_US
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen_US
dc.relation.ispartofseries|aDIW Discussion Papers |x414en_US
dc.subject.jelQ29en_US
dc.subject.jelR29en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate Changeen_US
dc.subject.keywordGermanyen_US
dc.subject.keywordHedonic Pricingen_US
dc.subject.stwKlimaen_US
dc.subject.stwHedonischer Preisen_US
dc.subject.stwRegionale Lohnstrukturen_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwMieteen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe amenity value of climate to German householdsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn385547862en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:diw:diwwpp:dp414en_US

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