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I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and...
Persistent link: https://www.econbiz.de/10011635835
Persistent link: https://www.econbiz.de/10012618899
Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather … derivatives differ from most derivatives in that the underlying weather cannot be traded and their market is relatively illiquid …. The weather derivative market is therefore incomplete. This paper implements a pricing methodology for weather derivatives …
Persistent link: https://www.econbiz.de/10003796146
This paper deals with the effect of (i) damage experience from extreme weather events and (ii) expectations concerning …. The effect of experienced weather events on SWB of the heads of the households is only significant for heat waves; not for … weather experiences are quantified. It becomes apparent that the indirect effect is significant but small compared to the …
Persistent link: https://www.econbiz.de/10010384641
Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
Persistent link: https://www.econbiz.de/10011454120
Using panel data originating from two extensive surveys conducted in 2012 and 2014, we investigate German households’ adaptation behavior in response to indoor heat stress during summer months. Providing detailed information of household characteristics, behavior and technical equipment, our...
Persistent link: https://www.econbiz.de/10011514479
This paper deals with the effect of (i) damage experience from extreme weather events and (ii) expectations concerning …. The effect of experienced weather events on SWB of the heads of the households is only significant for heat waves; not for … weather experiences are quantified. It becomes apparent that the indirect effect is significant but small compared to the …
Persistent link: https://www.econbiz.de/10013049651
Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
Persistent link: https://www.econbiz.de/10012993572
The effects of extreme weather events, such as heat waves and droughts are taken into account in both global and … extreme weather events, in particular, droughts and high temperatures, for the German power sector. Furthermore, we consider … droughts. We stress that increasing frequencies of such extreme weather events will aggravate the observed problem, especially …
Persistent link: https://www.econbiz.de/10012295795
The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and … emerging risks of extreme weather events, in particular, droughts and high temperatures, for the German power sector. Our … extreme weather events will aggravate the observed problem, especially with respect to the transition of the power sector. …
Persistent link: https://www.econbiz.de/10012299466