Valuing Air Quality Using Happiness Data: The Case of China

This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to the dates and counties of interviews in China, we are able to estimate the relationship...

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Veröffentlicht in:Ecological economics 2017-07, Vol.137, p.29-36
Hauptverfasser: Zhang, Xin, Zhang, Xiaobo, Chen, Xi
Format: Artikel
Sprache:eng
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Zusammenfassung:This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to the dates and counties of interviews in China, we are able to estimate the relationship between local concentration of particulate matter and individual happiness. By holding happiness constant, we calculate the tradeoff between the reduction in particulate matter and income, essentially a happiness-based measure of willingness-to-pay for mitigating air pollution. We find that people on average are willing to pay ¥258 ($42, or 1.8% of annual household per capita income) per year per person for a 1% reduction in PM2.5.
ISSN:0921-8009
1873-6106
DOI:10.1016/j.ecolecon.2017.02.020