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Greenery and Subjective Well-being: Assessing the Monetary Value of Greenery by Type

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  • Tsurumi, Tetsuya
  • Imauji, Atsushi
  • Managi, Shunsuke

Abstract

This study shows the monetary value of greenery in Tokyo by type, based on the relationship between greenery types and well-being indices. We use multiple measures to measure well-being, including the Cantril ladder, life satisfaction, subjective happiness, affect balance, and mental health, as each of these measures may capture a different aspect of well-being. We utilize QuickBird satellite images with a pixel resolution of 61 cm, which have not been used in previous studies. This allows us to extract greenery data at the tree level, which is a method we expect to contribute to a more reliable evaluation of greenery. Our estimation results show that the valuations of greenery change depending on the choice of index used to measure well-being and the type of greenery.

Suggested Citation

  • Tsurumi, Tetsuya & Imauji, Atsushi & Managi, Shunsuke, 2018. "Greenery and Subjective Well-being: Assessing the Monetary Value of Greenery by Type," Ecological Economics, Elsevier, vol. 148(C), pages 152-169.
    • Handle: RePEc:eee:ecolec:v:148:y:2018:i:c:p:152-169
    DOI: 10.1016/j.ecolecon.2018.02.014
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