Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45885
Authors: 
Murray, Thomas
Maddison, David
Rehdanz, Katrin
Year of Publication: 
2011
Series/Report no.: 
Kiel Working Paper 1694
Abstract: 
Accounting for socioeconomic and demographic variables as well as country specific effects, households' willingness to pay for changes in climate is revealed using European data on reported life satisfaction. Individuals located in areas with lower average levels of sunshine and higher average levels of relative humidity are less satisfied as are individuals in locations subject to significant seasonal variation in monthly mean temperatures and rain days. Ranking regions according to the preferred climates households appear strongly to favour the Mediterranean climate over the climate of Northern Europe.
Subjects: 
Life Satisfaction
Europe
Willingness to Pay
Climate
Climate Change
JEL: 
C21
I31
Q51
Q54
Document Type: 
Working Paper

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