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Risk Perception of Climate Change: Empirical Evidence for Germany

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  • Frondel, Manuel
  • Simora, Michael
  • Sommer, Stephan

Abstract

The perception of risks associated with climate change appears to be a key factor for the support of climate policy measures. Using a generalized ordered logit approach and drawing on a unique data set originating from two surveys conducted in 2012 and 2014, each among more than 6000 German households, we analyze the determinants of individual risk perception associated with three kinds of natural hazards: heat waves, storms, and floods. Our focus is on the role of objective risk measures and experience with these natural hazards, whose frequency is likely to be affected by climate change. In line with the received literature, the results suggest that personal experience with adverse events and personal damage therefrom are strong drivers of individual risk perception.

Suggested Citation

  • Frondel, Manuel & Simora, Michael & Sommer, Stephan, 2017. "Risk Perception of Climate Change: Empirical Evidence for Germany," Ecological Economics, Elsevier, vol. 137(C), pages 173-183.
    • Handle: RePEc:eee:ecolec:v:137:y:2017:i:c:p:173-183
    DOI: 10.1016/j.ecolecon.2017.02.019
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    More about this item

    Keywords

    Damage experience; Natural hazards; Generalized ordered logit;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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