Estimating the non-pecuniary benefit of engaging in pro-environmental behaviors: Incorporating both heterogeneous preferences and income endogeneity.
Endogeneity
Monetary valuation
Pro-environmental behaviors
Subjective well-being
Unobserved heterogeneity
Journal
Journal of environmental management
ISSN: 1095-8630
Titre abrégé: J Environ Manage
Pays: England
ID NLM: 0401664
Informations de publication
Date de publication:
15 Jan 2022
15 Jan 2022
Historique:
received:
19
06
2021
revised:
24
10
2021
accepted:
28
10
2021
entrez:
7
12
2021
pubmed:
8
12
2021
medline:
15
12
2021
Statut:
ppublish
Résumé
This article estimates the individuals' non-pecuniary benefit of engaging in pro- environmental behaviors (PEB) using a large sample from Ecuador. As a novelty, we estimate a model that allows incorporating both unobserved heterogeneity in preferences and controlling for the potential endogeneity of income through instrumental variables. Although both problems have been addressed separately in the literature, we show that considering both sources of bias allows finding more accurate and credible monetary values. Our results show that subjective monetary evaluations regarding PEBs are generally overestimated (the income coefficient is underestimated), but not including unobserved heterogeneity hides important patterns for an important group of the sample with completely different preferences.
Identifiants
pubmed: 34872179
pii: S0301-4797(21)02102-2
doi: 10.1016/j.jenvman.2021.114040
pii:
doi:
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
114040Informations de copyright
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