Quantifying the relationship between climatic conditions and personal financial and health wellbeing

Georgios Chrysanthou; Panagiotis Tzouvanas

Quantifying the relationship between climatic conditions and personal financial and health wellbeing

Georgios Chrysanthou, Panagiotis Tzouvanas

School of Accounting, Economics and Finance

University of Dundee

Research output: Contribution to journal › Article › peer-review

Abstract

We address an important research gap by quantifying the association between weather conditions (sunshine, rainfall, temperature anomalies) and individualnancial, mental and physical health self-assessments. We compile a unique dataset of >400,000 observations (1991-2018) by matching individual-level data (covering 380 Local Authorities) from the British Household Panel & UK Household Longitudinal Surveys to monthly and daily data from 32 weather stations. We provide robust evidence that favourable climatic conditions are positively related to the likelihood of reporting higher wellbeing assessments, and negatively regarding adverse conditions (particularly temperature anomalies). The estimated weather monetary cost reaches 15 percent of monthly household income.

Original language	English
Journal	Oxford Bulletin of Economics and Statistics
Publication status	Accepted for publication - 10 Dec 2025

Keywords

climate change
ordinal outcomes
subjective nancial evaluations
subjective wellbeing
weather conditions

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Embargoed Document

Health_climate
Accepted author manuscript (Post-print), 2.11 MB
Due to publisher’s copyright restrictions, this document is not freely available to download from this website until: 1/01/50

Cite this

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AB - We address an important research gap by quantifying the association between weather conditions (sunshine, rainfall, temperature anomalies) and individualnancial, mental and physical health self-assessments. We compile a unique dataset of >400,000 observations (1991-2018) by matching individual-level data (covering 380 Local Authorities) from the British Household Panel & UK Household Longitudinal Surveys to monthly and daily data from 32 weather stations. We provide robust evidence that favourable climatic conditions are positively related to the likelihood of reporting higher wellbeing assessments, and negatively regarding adverse conditions (particularly temperature anomalies). The estimated weather monetary cost reaches 15 percent of monthly household income.

KW - climate change

KW - ordinal outcomes

KW - subjective nancial evaluations

KW - subjective wellbeing

KW - weather conditions

M3 - Article

SN - 0305-9049

JO - Oxford Bulletin of Economics and Statistics

JF - Oxford Bulletin of Economics and Statistics

ER -

Quantifying the relationship between climatic conditions and personal financial and health wellbeing

Abstract

Keywords

UN SDGs

Embargoed Document

Fingerprint

Cite this