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Longitudinal Study: HILDA
Title: Valuing Ecosystem Diversity in South East Queensland: A Life Satisfaction Approach
Authors: Ambrey, Christopher 
Fleming, Christopher 
Publication Date: 22-Jan-2013
Keywords: Ecosystem Diversity
Life Satisfaction
Household, Income and Labour Dynamics in Australia (HILDA)
Non-market Valuation
Abstract: The life satisfaction approach has recently emerged as a new technique in the suite of options available to non-market valuation practitioners. This paper examines the influence of ecosystem diversity on the life satisfaction of residents of South East Queensland, Australia. It is found that, on average, a respondent is willing-to-pay approximately AUD$20,000 in household income per annum to obtain a one-unit improvement in ecosystem diversity. This result indicates that the life satisfaction effects of improvements in ecosystem diversity are substantial, and greater than the welfare effects implied by studies using more conventional non-market valuation techniques.
Conference: New Zealand Agricultural and Resource Economics Society Conference
Conference location: Nelson, New Zealand
DOI: 10.22004/ag.econ.115347
Keywords: Satisfaction -- Life
Research collection: Conference Papers
Appears in Collections:Conference Papers

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