Quantifying the Relationship Between Climatic Conditions and Personal Financial and Health Wellbeing

Georgios Marios Chrysanthou; Panagiotis Tzouvanas

doi:10.1111/obes.70036

Quantifying the Relationship Between Climatic Conditions and Personal Financial and Health Wellbeing

Georgios Marios Chrysanthou (Lead / Corresponding author)
, Panagiotis Tzouvanas

Business

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Abstract

We address an important research gap by quantifying the association between weather conditions (sunshine, rainfall, temperature anomalies) and individual financial, 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 well-being assessments, and negatively related to adverse conditions (particularly temperature anomalies). The estimated weather monetary cost reaches 15% of monthly household income.

Original language	English
Pages (from-to)	1108-1123
Number of pages	16
Journal	Oxford Bulletin of Economics and Statistics
Volume	88
Issue number	5
Early online date	23 Jan 2026
DOIs	https://doi.org/10.1111/obes.70036
Publication status	Published - Oct 2026

UN SDGs

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

SDG 13 Climate Action

Keywords

climate change
ordinal outcomes
subjective financial evaluations
subjective well-being
weather conditions

ASJC Scopus subject areas

Statistics and Probability
Social Sciences (miscellaneous)
Economics and Econometrics
Statistics, Probability and Uncertainty

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10.1111/obes.70036Licence: CC BY

Final Published VersionFinal published version, 1.26 MBLicence: CC BY

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 individual financial, 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 well-being assessments, and negatively related to adverse conditions (particularly temperature anomalies). The estimated weather monetary cost reaches 15% of monthly household income.

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KW - ordinal outcomes

KW - subjective financial evaluations

KW - subjective well-being

KW - weather conditions

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JF - Oxford Bulletin of Economics and Statistics

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Quantifying the Relationship Between Climatic Conditions and Personal Financial and Health Wellbeing

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

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