reference : Climate amenities, climate change, and American quality of life

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/reference/5b7e5de3-722a-4010-8d86-44e9722e3da9
Bibliographic fields
reftype Journal Article
Abstract We present a hedonic framework to estimate US households’ preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor a daily average temperature of 65 degrees Fahrenheit, that they will pay more on the margin to avoid excess heat than cold, and that damages increase less than linearly over extreme cold. These preferences vary by location due to sorting or adaptation. Changes in climate amenities under business-as-usual predictions imply annual welfare losses of 1%–4% of income by 2100, holding technology and preferences constant.
Author Albouy, David; Walter Graf; Ryan Kellogg; Hendrik Wolff
DOI 10.1086/684573
Issue 1
Journal Journal of the Association of Environmental and Resource Economists
Keywords H49,I39,Q54,R10
Pages 205-246
Title Climate amenities, climate change, and American quality of life
Volume 3
Year 2016
Bibliographic identifiers
_record_number 21320
_uuid 5b7e5de3-722a-4010-8d86-44e9722e3da9