The empirical literature points to a stylized phenomenon of increased demand for hope following adversity. Clotfelter and Cook (1989) suggest that hope is a key sentiment underpinning recreational gambling. Chew and Ho (1994, this journal) offer the view of hope being experienced in lottery...

Medical research suggests that particulate matter (PM) increases stress hormones, therefore increasing the feeling of stress, which has been hypothesized to induce individuals to take less risk. To examine this, we study whether PM increases the probability of drawing in chess games using...

Medical research suggests that particulate matter (PM) increases stress hormones, therefore increasing the feeling of stress, which has been hypothesised to induce individuals to take less risk. To examine this, we study whether PM increases the probability of drawing in chess games using...

This paper evaluates the environmental impacts of economic growth and trade liberalization in India. The empirical strategy in this paper is to estimate the scale, technique and trade-induced composition effects of trade liberalization on pollution. We collect data across major industrial states...

This paper aims at analysing the effect of democratic institutions on environmental quality (carbon dioxide per capita, sulfure dioxide per capita) and at identifying potential channel transmissions. We use panel data from 1960 to 2008 in 122 developing and developed countries and modern...

Air pollution affects workers' ability to work by damaging their own health, but also by damaging the health of their dependents. This paper draws on 20 years of air pollution and employment data from Santiago, Chile, a highly polluted metropolis, particularly in fall and winter months. The...

We use a natural experiment in Indonesia to study the medium- and long-term effects of air pollution on labor supply. We find that exposure to air pollution reduces hours worked and while the medium-term effects are larger in magnitude, some effects do persist in the long term. More...

This paper explores the extent to which emissions limits on stack concentrations under the Large Combustion Plant (LCP) Directive succeeded in mitigating local air pollutants from thermal power stations in the European Union. We take advantage of the discontinuities in regulation status to show...

Using a dual-market sorting model of workers' location decisions, this paper studies the capitalization of air pollution in wages and property prices across Chinese cities. To account for endogeneity of air pollution in the determination of wages and property prices, we exploit...

We attempt to record the imprint of air pollution on economic growth and vice versa, the tendency of economic growth on air pollution. The variables examined in our study are the Particulate Matter Lower than 2.5 micro, GDP per capita, GDP per working hour, Unemployment, Part of the budget for...