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

Economics

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

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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
Number of pages	16
Journal	Oxford Bulletin of Economics and Statistics
Early online date	23 Jan 2026
DOIs	https://doi.org/10.1111/obes.70036
Publication status	E-pub ahead of print - 23 Jan 2026

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

UN SDGs

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

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10.1111/obes.70036

Author Accepted ManuscriptAccepted author manuscript, 2.11 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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U2 - 10.1111/obes.70036

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M3 - Article

SN - 1468-0084

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

ASJC Scopus subject areas

UN SDGs

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