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economic consequences of weather, the

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  • Jordan Rappaport

Abstract

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.

Suggested Citation

  • Jordan Rappaport, 2010. "economic consequences of weather, the," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:4:year:2010:doi:1924
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    File URL: http://www.dictionaryofeconomics.com/article?id=pde2010_C000615
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    More about this item

    Keywords

    compensating differentials; consumption amenities; local growth; migration; weather;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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