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来源类型Working Paper
规范类型报告
DOI10.3386/w21826
来源IDWorking Paper 21826
Household Location Decisions and the Value of Climate Amenities
Paramita Sinha; Maureen L. Cropper; Martha Caulkins
发表日期2015-12-28
出版年2015
语种英语
摘要We value climate amenities by estimating a discrete location choice model for US households. The utility of each metropolitan statistical area (MSA) depends on location-specific amenities, earnings opportunities, housing costs, and the cost of moving to the MSA from the household head’s birthplace. We use the estimated trade-off among wages, housing costs, and climate amenities to value changes in mean winter and summer temperatures. We find that households sort among MSAs as a result of heterogeneous tastes for winter and summer temperatures. Preferences for winter and summer temperatures are negatively correlated: households that prefer milder winters, on average, prefer cooler summers, and households that prefer colder winters prefer warmer summers. Households in the Midwest region, on average, have lower marginal willingness to pay to increase winter and reduce summer temperatures than households in the Pacific and South Atlantic census divisions. We use our results to value changes in winter and summer temperatures for the period 2020 to 2050 under the B1 (climate-friendly) and A2 (more extreme) climate scenarios. On average, households are willing to pay 1 percent of income to avoid the B1 scenario and 2.4 percent of income to avoid the A2 scenario.
主题Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w21826
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/579500
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GB/T 7714
Paramita Sinha,Maureen L. Cropper,Martha Caulkins. Household Location Decisions and the Value of Climate Amenities. 2015.
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