Subjective Well-Being: Weather Matters; Climate Doesn't
AbstractWe investigate the impact of short-term weather and long-term climate on self-reported life satisfaction using panel data. We find robust evidence that day-to-day weather variation impacts life satisfaction by a similar magnitude to acquiring a mild disability. Utilizing two sources of variation in the cognitive complexity of satisfaction questions, we present evidence that weather bias arises because of the cognitive challenge of reporting life satisfaction. Consistent with past studies, we detect a relationship between long-term climate and life satisfaction without individual fixed effects. This relationship is not robust to individual fixed effects, suggesting climate does not directly influence life satisfaction.�
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 627.
Date of creation: 01 Nov 2012
Date of revision:
Life satisfaction; Subjective well-being; Climate change; Weather;
Other versions of this item:
- John Feddersen & Robert Metcalfe & Mark Wooden, 2012. "Subjective Well-Being: Weather Matters; Climate Doesn't," Melbourne Institute Working Paper Series wp2012n25, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-ENV-2012-11-11 (Environmental Economics)
- NEP-HAP-2012-11-11 (Economics of Happiness)
- NEP-LTV-2012-11-11 (Unemployment, Inequality & Poverty)
- NEP-NEU-2012-11-11 (Neuroeconomics)
- NEP-RES-2012-11-11 (Resource Economics)
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