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  Sitting in the same boat: Subjective well-being and social comparison after an extreme weather event

Fluhrer, S., Kraehnert, K. (2022): Sitting in the same boat: Subjective well-being and social comparison after an extreme weather event. - Ecological Economics, 195, 107388.
https://doi.org/10.1016/j.ecolecon.2022.107388

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 Urheber:
Fluhrer, Svenja1, Autor              
Kraehnert, Kati1, Autor              
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Zusammenfassung: How does subjective well-being depend on the fate of others when a covariate shock strikes? 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 case of pastoralists in Mongolia, who faced a once-in-50-years winter disaster. Our identification strategy exploits the quasi-experimental nature of the extreme event. The empirical analysis builds on a detailed household panel survey, complemented with aggregated climate data and historic livestock census data. Results show that exposure to the extreme event significantly and strongly reduces subjective well-being even 4–5 years after the event occurred. The negative shock impact is amplified by observing peers doing economically worse. Similarly, exposure to the extreme event increases the perceived inequality among households with assets at risk. We argue that the event increased sectoral disparities between pastoralists and those households not engaged in agriculture.

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Sprache(n): eng - Englisch
 Datum: 2022-02-212022-02-282022-05
 Publikationsstatus: Final veröffentlicht
 Seiten: -
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: -
 Art der Begutachtung: Expertenbegutachtung
 Identifikatoren: MDB-ID: yes - 3331
PIKDOMAIN: RD2 - Climate Resilience
Organisational keyword: RD2 - Climate Resilience
Organisational keyword: FutureLab - Inequality, Human Well-Being and Development
Research topic keyword: Climate impacts
Research topic keyword: Economics
Research topic keyword: Extremes
Research topic keyword: Food & Agriculture
Research topic keyword: Inequality and Equity
Research topic keyword: Sustainable Development
Regional keyword: Asia
OATYPE: Green Open Access
DOI: 10.1016/j.ecolecon.2022.107388
 Art des Abschluß: -

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Titel: Ecological Economics
Genre der Quelle: Zeitschrift, SCI, Scopus, p3
 Urheber:
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Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: 195 Artikelnummer: 107388 Start- / Endseite: - Identifikator: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/journals107
Publisher: Elsevier