TY  - RPRT
        AU  - Albouy, David
AU  - Graf, Walter
AU  - Kellogg, Ryan
AU  - Wolff, Hendrik
        TI  - Climate Amenities, Climate Change, and American Quality of Life
        PY  - 2013/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7339
        UR  - https://www.iza.org/publications/dp7339
        AB  - We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not substantially more averse to extremes than to temperatures that are merely uncomfortable. These preferences vary by location due to sorting or adaptation. Changes in climate amenities under business-as-usual predictions imply annual welfare losses of 1 to 3 percent of income by 2100, holding technology and preferences constant.
        KW  - temperature profiles
KW  - quality of life
KW  - climate change
KW  - climate amenities
KW  - heterogeneous preferences
        ER  -