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Subjective Well-Being: Weather Matters; Climate Doesn't

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  • Robert Metcalfe
  • John Feddersen
  • Mark Wooden

Abstract

We 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 Info

Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 627.

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Date of creation: 01 Nov 2012
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Handle: RePEc:oxf:wpaper:627

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Keywords: Life satisfaction; Subjective well-being; Climate change; Weather;

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Cited by:
  1. Alem, Yonas & Colmer, Jonathan, 2013. "Optimal Expectations and the Welfare Cost of Climate Variability," Working Papers in Economics 578, University of Gothenburg, Department of Economics.
  2. Yonas Alem & Jonathan Colmer, 2013. "Don’t Worry, Be Happy: The Welfare Cost of Climate Variability – A Subjective Well-Being Approach," Grantham Research Institute on Climate Change and the Environment Working Papers 118, Grantham Research Institute on Climate Change and the Environment.

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