economic consequences of weather, the
Households in the United States and a number of other wealthy nations have been migrating to places with nice weather. This likely reflects an increase in the relative valuation of the weather's direct contribution to household utility. Several different amenity explanations are discussed that can account for the increased valuation and ongoing move.
|This chapter was published in: Steven N. Durlauf & Lawrence E. Blume (ed.) , , pages , 2010, 1st quarter update.|
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