Climate amenities, climate change, and American quality of life

Arbeitspapier

We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not substantially more averse to extremes than to temperatures that are merely uncomfortable. 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 to 3 percent of income by 2100, holding technology and preferences constant.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 7339

Classification and Topics

• Classification: Wirtschaft ; Publicly Provided Goods: Other ; Welfare, Well-Being, and Poverty: Other ; Climate; Natural Disasters and Their Management; Global Warming ; General Regional Economics (includes Regional Data)
• Subject: climate amenities ; climate change ; quality of life ; temperature profiles ; heterogeneous preferences

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Albouy, David ; Graf, Walter ; Kellogg, Ryan ; Wolff, Hendrik
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/71692
• Last update: 10.03.2025, 11:45 AM CET