Life-Cycle and Cohort Effects in the Valuation of Air Quality: Evidence from Subjective Well-being Data
AbstractBy using data on self-rated life satisfaction as an empirical indicator of well-being, this paper estimates the valuation of two major air pollutants differentiated by people’s age category (stage in the life cycle) and birth cohort. Life satisfaction regressions involving about 59,000 individuals in 10 European countries, 1990–1997, imply that, consistent with epidemiological evidence, both life-cycle and cohort effects exist in the valuation of air quality. The age and cohort dependence of the sensitivity to air pollution translates into considerable differences in the valuation of clean air.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 88 (2012)
Issue (Month): 2 ()
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Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
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- Ambrey, Christopher L. & Chan, Andrew Yiu-Chung & Fleming, Christopher M., 2013. "Estimating the cost of air pollution in South East Queensland: An application of the life satisfaction non-market valuation approach," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152133, Australian Agricultural and Resource Economics Society.
- Ferreira, Susana & Akay, Alpaslan & Brereton, Finbarr & Cuñado, Juncal & Martinsson, Peter & Moro, Mirko, 2012.
"Life Satisfaction and Air Quality in Europe,"
IZA Discussion Papers
6732, Institute for the Study of Labor (IZA).
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