Floods and happiness: Empirical evidence from Bulgaria

•We conduct an econometric study on the effect of floods on happiness in Bulgaria.•Experiencing floods causes lasting reduction in subjective well-being.•The intensity of the flood seems to matter more than its timing.•Intangible or psychological damages of low-intensity floods can be substantial.•M...

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Bibliographic Details
Published inEcological economics Vol. 126; pp. 51 - 57
Main Authors Sekulova, Filka, van den Bergh, Jeroen C.J.M.
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.06.2016
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Summary:•We conduct an econometric study on the effect of floods on happiness in Bulgaria.•Experiencing floods causes lasting reduction in subjective well-being.•The intensity of the flood seems to matter more than its timing.•Intangible or psychological damages of low-intensity floods can be substantial.•Material damages do not capture the entire impact of extreme events on happiness.
ISSN:0921-8009
1873-6106
DOI:10.1016/j.ecolecon.2016.02.014