This paper studies the influence of productivity, pollution sensitivity, and adaptive capacity on optimal mitigation and adaptation in a two country global pollution model. We investigate the effects of changes of these parameters on the allocation of emissions, adaptation expenditures, and...

Using subjective well-being data for more than 91,000 individuals in 30 OECD countries, 1990-2008, we study how people’s implicit aversion towards inflation varies with income and other socio-economic characteristics. While inflation aversion decreases with income, it increases with the...

This paper investigates the relationship between emissions of carbon dioxide and the ongoing process of demographic transition in OECD countries. Our research is motivated by suggestions in the literature that emission-relevant consumption patterns may depend on the position in the life cycle...

This paper investigates the implications of the materials balance for optimal environmental policy. We find that neglecting the materials–emissions relationship – as is common in models of optimal environmental regulation – implies biases, whose sign depends on the regulatory instrument...

This paper investigates the welfare effects of labor market institutions, placing an emphasis on how the institutions’ effects are differentiated by socio-demographic subgroups. We study how life satisfaction is affected by employment protection and the level and duration of unemployment...

This paper studies the macroeconomic performance of the EU-12 member countries over 1990--2002 from the point of view of the subjective well-being (life satisfaction) of the citizens. The paper uses data for over 50,000 individuals and controls for personal characteristics (especially income and...

Most industrialized countries will experience a significant aging of their populations in the future. The consequences of this coming population aging for environmental preferences and environmental quality are ambiguous. This paper uses data on life satisfaction to investigate how preferences...

This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one's own past behavior play in this context. By combining data on individuals' pro-environmental consumption from a unique...

Conceptualizing externalities from perceived nuclear risk as being related to distance from nuclear facilities, we estimate the relationship between Swiss citizens’ life satisfaction (understood as a proxy of utility) and the distance of their place of residence from the nearest nuclear power...