In this dissertation, I measure the amenity value of climate in Brazil. The value is useful for the measurement of one consequence of greenhouse gas emissions, climate change. A basic hedonic framework shows that “good” climate is of value to workers and consumers of housing. Workers accept lower wages and pay greater housing rents (all else equal) to work and live in a city with better climate. To measure the impact of reducing emissions, I estimate the variations in wage and rents attributable to cross-sectional differences in climate. Studies typically evaluate the effect of variations in climate on housing prices or income…
Author: Mueller, Valerie Ann
Source: University of Maryland
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