Valuing Air Quality Using the Life Satisfaction Approach
Bibliographic Data
| ID | 9716070 |
|---|---|
| Authors | Simon Luechinger (0009-0004-5941-5216, University of Zurich, corresponding author) |
| Year | 2009 |
| Volume | 119 |
| Issue | 536 |
| Pages | 482-515 |
| Publication date | 2009-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2008.02241.x |
| OpenAlex | W1983134767 |
| Language | EN |
| Citations received | 139 |
| References cited | 56 |
I use the life satisfaction approach to value air quality, combining individual-level panel and high-resolution SO 2 data. To avoid simultaneity problems, I construct a novel instrument exploiting the natural experiment created by the mandated scrubber installation at power plants, with wind directions dividing counties into treatment and control groups. I find a negative effect of pollution on well-being that is larger for instrumental variable than conventional estimates, robust to controls for local unemployment, particulate pollution, reunification effects and rural/urban trends, and larger for environmentalists and predicted risk groups. To calculate total willingness-to-pay, the estimates are supplemented by hedonic housing regressions. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
Air pollution · Air quality index · Econometrics · Economic growth · Economics · Endogeneity · Environmental economics · Geography · Instrumental variable · Life satisfaction · Meteorology · Natural resource economics · Simultaneity · Unemployment · Economic and Environmental Valuation · Housing Market and Economics · Psychological Well-being and Life Satisfaction · Psychology
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Anomalies
| Unique citing works | 139 |
|---|---|
| Citations per year | 6,95 |
| Citation span | 2006 - 2026 (21) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 139 |