How does subjective well-being depend on the fate of others when a covariate shock strikes? In this paper, we address this question by providing novel evidence on the impact of shock-induced damages experienced by individuals and their reference group on life satisfaction. We do so by examining...

The Paris Agreement aims at limiting the global average temperature increase to well below 2°C above preindustrial levels. A key component of the agreement are "nationally determined contributions" (NDC). For this, non-state actors such as civil society groups, economic actors, and subnational...

Using a representative consumer survey in the U.S., we elicit beliefs about the economic impact of climate change. Respondents perceive a high probability of costly, rare disasters in the near future due to climate change, but not much of an impact on GDP growth. Salience of rare disasters...

Climatic changes largely unfold by means of two types of events: extreme events and gradual long-term changes. This paper highlights how the difference in occurrence probability and (marginal) impact between the two event types leads to structural differences in cognitive processing of event...

The purpose of this work is to evaluate the corn production obtained following the change of the sowing date. In the current context of current climate changes, adaptation of cultivation technology is essential to obtain satisfactory quantitative and qualitative results. The experimental factors...