Climate Amenities, Climate Change, and American Quality of Life
RFF Academic Seminar
Ryan Kellogg, University of Michigan
This paper uses hedonic methods and variation in wages and housing costs to estimate
households’ valuation of climate amenities. We find that, on the margin, households are willing
to pay more to reduce heat than to reduce cold. Combining these estimates with “business as
usual” climate forecasts for the United States, we find welfare losses in most areas by 2100 as
the cost of hotter summers exceeds the gain from warmer winters. These results account for taste
heterogeneity and sorting; moreover, they are not substantially attenuated by allowing for
Thursday, May 19, 2011
12 - 1:30 p.m.
Lunch will be provided
7th Floor Conference Center
1616 P St. NW
Washington, D.C. 20036
All seminars will be in the 7th Floor Conference Room at RFF, 1616 P Street NW. Attendance is open, but involves pre-registration no later than two days prior to the event. For questions and to register to an event, please contact Daniel McDermott at McDermott@rff.org (tel. 202-328-5174). Updates to our academic seminars schedule will be posted at www.rff.org/academicseminarseries.