Well-being Effects of Extreme Weather Events in the US

This paper estimates the effect of extreme weather and climate events on the subjective wellbeing of US residents. We match forty two billion-dollar disaster events with individual survey data between 2005 and 2010. We find that being affected by a disaster has a negative and robust impact on life satisfaction that disappears 6 to 8 months after the event. In our sample severe storms are the main culprit in the reduction of life satisfaction; droughts also have a negative impact on life satisfaction and exhibit a more persistent effect.


Issue Date:
2016-05
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/236259
Total Pages:
34
JEL Codes:
Q54; I31




 Record created 2017-04-01, last modified 2017-08-29

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