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Quantifying the costs of drought: new evidence from life satisfaction data

Carroll, Nicholas; Frijters, Paul; Shields, Michael A


We estimate the cost of droughts by matching rainfall data with individual life satisfaction. Our context is Australia over the period 2001 to 2004, which included a particularly severe drought. Using fixed-effect models, we find that a drought in spring

CollectionsANU Research Publications
Date published: 2009
Type: Journal article
Source: Journal of Population Economics
DOI: 10.1007/s00148-007-0174-3


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