Journal Article

Do Geographical Variations in Climate Influence Life Satisfaction?

Authors

  • Thomas Murray
  • David Maddison
  • Katrin Rehdanz
Publication Date

Accounting for socioeconomic and demographic variables, as well as country-specific effects, households' marginal willingness to pay for climate is revealed using European data on 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 by climate households appear strongly to favor the Mediterranean climate over the climate of Northern Europe.

Info

JEL Classification
C21, Q51, Q54
DOI
10.1142/S2010007813500048

Key Words

  • Climate
  • climate change
  • Europa
  • Europe
  • Klimawandel
  • Life-satisfaction
  • willingness to pay

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