Health and Amenity Effects of Global Warming
A somewhat warmer climate would probably reduce mortality in the United States and provide Americans with valuable benefits. Regressions of death rates in Washington, DC, and in some 89 urban counties scattered across the nation on climate and demographic variables demonstrate that warmer temperatures reduce deaths. The results imply that a 2.5° Celsius warming would lower deaths in the United States by about 40,000 per year. Although the data on illness are poor, the numbers indicate that warming might reduce medical costs by about $20 billion annually. Utilizing willingness to pay as a measure of preference, this paper regresses wage rates for a few narrowly defined occupations in metropolitan areas on measures of temperature and size of city and finds that people prefer warm climates. Workers today would be willing to give up between $40 billion and $61 billion in wages for a 2.5°C increase in temperatures.
|Date of creation:||17 Apr 1996|
|Date of revision:|
|Note:||Type of Document - HTML; prepared on Mac; pages: 27; figures: one. Prepared in Word and translated into HTML. A copy can be found with figure on http://hoover.stanford.edu/~moore/publications.html|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nordhaus, William D, 1991. "To Slow or Not to Slow: The Economics of the Greenhouse Effect," Economic Journal, Royal Economic Society, vol. 101(407), pages 920-37, July.
- William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39.
- Gyourko, Joseph & Tracy, Joseph, 1991. "The Structure of Local Public Finance and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 774-806, August.
- Graves, Philip E & Waldman, Donald M, 1991. "Multimarket Amenity Compensation and the Behavior of the Elderly," American Economic Review, American Economic Association, vol. 81(5), pages 1374-81, December.
- Graves, Philip E., 1980. "Migration and climate," MPRA Paper 19916, University Library of Munich, Germany.
- Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December.
- Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpot:9604001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If references are entirely missing, you can add them using this form.