Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36077 
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dc.contributor.authorFrey, Bruno S.en
dc.contributor.authorLuechinger, Simonen
dc.contributor.authorStutzer, Aloisen
dc.date.accessioned2009-12-01-
dc.date.accessioned2010-07-07T12:05:53Z-
dc.date.available2010-07-07T12:05:53Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:101:1-20091019279en
dc.identifier.urihttp://hdl.handle.net/10419/36077-
dc.description.abstractIn many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation technique. The LSA builds on the recent development of subjective well-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare. Micro-econometric life satisfaction functions are estimated taking into account environmental conditions along with income and other covariates. The estimated coefficients for the environmental good and income can then be used to calculate the implicit willingness-to-pay for the environmental good.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4478en
dc.subject.jelQ51en
dc.subject.jelI31en
dc.subject.jelD61en
dc.subject.jelQ53en
dc.subject.ddc330en
dc.subject.keywordLife satisfaction approachen
dc.subject.keywordsubjective well-beingen
dc.subject.keywordnon-market valuationen
dc.subject.keywordcost-benefit analysisen
dc.subject.keywordair pollutionen
dc.subject.stwUmweltbelastungen
dc.subject.stwUmweltschutzen
dc.subject.stwKosten-Nutzen-Analyseen
dc.subject.stwLebenszufriedenheiten
dc.subject.stwLebensqualitäten
dc.subject.stwWillingness to payen
dc.subject.stwTheorieen
dc.titleThe life satisfaction approach to environmental valuation-
dc.type|aWorking Paperen
dc.identifier.ppn61396487Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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