Climate Amenities , Climate Change , and American Quality of Life

@inproceedings{Albouy2011ClimateA,
  title={Climate Amenities , Climate Change , and American Quality of Life},
  author={David Albouy and Walter Graf and Ryan Kellogg and Hendrik Wolff},
  year={2011}
}
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… CONTINUE READING
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