Risk perception of climate change: Empirical evidence for Germany

Arbeitspapier

The perception of risks associated with climate change appears to be a key factor for the support of climate policy measures. Using a generalized ordered logit approach and drawing on a unique data set originating from two surveys conducted in 2012 and 2014, each among more than 6,000 German households, we analyze the determinants of individual risk perception associated with three kinds of natural hazards: heat waves, storms, and floods. Our focus is on the role of objective risk measures and experience with these natural hazards, whose frequency is likely to be affected by climate change. In line with the received literature, the results suggest that personal experience with adverse events and personal damage therefrom are strong drivers of individual risk perception.

Object Details

• ISBN: 978-3-86788-784-7
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Ruhr Economic Papers ; No. 676

Classification and Topics

• Classification: Wirtschaft ; Criteria for Decision-Making under Risk and Uncertainty ; Fiscal Policies and Behavior of Economic Agents: Household ; Climate; Natural Disasters and Their Management; Global Warming
• Subject: Damage experience ; natural hazards ; generalized ordered logit

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Frondel, Manuel ; Simora, Michael ; Sommer, Stephan
• Event: Veröffentlichung
• (who): RWI - Leibniz-Institut für Wirtschaftsforschung
• (where): Essen
• (when): 2017

Further information

• DOI: doi:10.4419/86788784
• Handle: http://hdl.handle.net/10419/155285
• Last update: 10.03.2025, 11:43 AM CET