16 research outputs found
Global Mortality Benefits of COVID-19 Action
No full textThe rapid spread of COVID-19 motivated countries worldwide to mitigate mortality through actions including social distancing, home quarantine, school closures, and case isolation. We estimate the global mortality benefits of these actions. We use county-level data on COVID-19 from January 2020, project the number of mortalities until September 2020, and calculate the global mortality benefits using the age- and country-specific value of a statistical life (VSL). Implementing all four types of actions above would save approximately 40.76 trillion USD globally, with social distancing accounting for 55% of the benefits. The monetary benefit would be the largest in the US, Japan and China. Our findings indicate that global actions during COVID-19 have substantial economic benefits and must be implemented in response to COVID-19
Lockdowns Save People from Air Pollution: Evidence from Daily Global Tropospheric NO2 Satellite Data
No full textMotivated by the global fear of the Coronavirus-19 (COVID-19) pandemic, we investigated whether lockdowns save people from air pollution, notably from Nitrogen Dioxide (NO2). Using daily satellite data from the National Aeronautics and Space Administration (NASA), we first found that the global NO2 tropospheric vertical column density (TVCD) decreased by 16.5% after the Coronavirus-19 (COVID-19) outbreak. Then, we calculated the global health benefits, as the monetized value of life, using the value of a statistical life (VSL). The total global health benefits were approximately 8.73 trillion USD, accounting for 10% of the global GDP; such benefits would be the largest in China, followed by the United States, Japan and Germany. Our results suggest that lockdowns may bring benefits to countries that policy interventions cannot easily bring, thus highlighting the importance of social distancing
Are Consumers Abandoning Diesel Automobiles because of Contrasting Diesel Policies? Evidence from the Korean Automobile Market
No full textWe investigate whether the contrasting set of transportation policies in Korea---reductions in fuel taxes and increases in diesel automobile prices---has decreased emissions. Using a random-coefficient discrete choice model and hypothetical policy sets, we estimate the automobile demand of consumers, the market share of cars by fuel type, and total emissions, assuming that consumer preferences for driving costs change over time. Then, we separately analyze the effect of each policy set on automobile sales and emissions, particularly carbon dioxide, nitrogen oxide, and particulate matter. Our analyses reveal that Korean consumers have become more sensitive toward fuel costs over time and that the emission consequences of Korean policies depend on consumer preferences
Railway expansions and human capital growth: A 20-year causal analysis in Tokyo
No full textOur study uncovers the causal link between railway expansions in Tokyo and a significant increase in the number of university graduates and high-skilled workers, with the effects being notably more pronounced in areas initially having lower proportions of those groups. We examine the mechanisms behind this phenomenon by (1) demonstrating how railway expansions attract university graduates and high-skilled workers by reducing commute costs, (2) improve access to universities, and (3) boost railway ridership. Our analysis employs both a difference-in-differences framework and a market access approach to separately evaluate the gentrification near new stations and the dispersion of human capital driven by enhanced network connectivity. The results reveal that university graduate rates and skilled worker rates rise by an average of 2.5 % and 1.4 %, respectively, due to improved connectivity. These findings underscore the value of railway expansion in fostering human capital development and provide critical insights for urban planners, policymakers, and transportation authorities, emphasizing the need to align transportation development with strategies for equitable urban growth
Children Mirror Adults for the Worse: Evidence of Suicide Rates due to Air Pollution and Recessions
No full text[Background] Every year, more than 700,000 die due to suicide, one of the most common reasons for youth death. While many studies have revealed two main factors for suicidal behavior: impulsive suicidal behavior due to mental illness and financial stress, it is not clear what happens if individuals face deterioration of mental health and economic recession. This paper attempts to answer this question and how suicide rates are correlated with these factors.
[Methods] We empirically investigate whether economic recessions and air pollution trigger suicides by examining Japan, a country with one of the highest suicide rates, from 2014 to 2021. We take advantage of the characteristics of the COVID-19 pandemic and the periods before the pandemic when both economic recessions and reductions in air pollution occurred simultaneously. Using monthly and municipal-level data, we construct a triple difference model that takes air pollution and unemployment as treatments.
[Results] Our findings show that high levels of air pollution and unemployment have substantial impacts on the suicide rates of adults (22.9% in the short term) and children (42.7% in the short term, 36.0% in the long term), indicating that the increase in suicide rates among children is almost twice as high as that among adults. Our study finds that unemployment and air pollution alone are not associated with increased suicide rates but their simultaneous occurrence triggers suicides.
[Conclusions] Our study urges suicide prevention, particularly among children, as an essential consideration for public health. Furthermore, our results indicate the need for the government to allocate resources to recover air quality and the economy simultaneously during a recession to reduce suicide mortality
Willingness to Buy and/or Pay Disparity: Evidence from Fully Autonomous Vehicles
No full textWe seek to understand whether environmental concerns, fears of potential accidents, and merits regarding fully autonomous vehicles (FAVs) are motivators of willingness to buy (WTB) and willingness to pay (WTP) of FAVs. To do so, a large-scale survey on FAVs of more than 180,000 respondents was collected in Japan, and structural equation modeling (SEM) validated our findings. Interestingly, this study implicates a form of WTB-WTP disparity: those interested in natural environment conservation would purchase FAVs because they show high interest in overall social problems, and new technologies such as FAVs can resolve such problems, according to previous works. However, our result implies that they would not show high WTP because adopting FAVs does not `directly' contribute to natural environment conservation. Additionally, our results indicate that those who appreciate potential merits would have higher WTB and WTP, while those who fear FAV technology would not purchase FAVs and would have lower WTP. The results bear crucial policy implications for planners by showing the complexity between the factors of FAV WTB and WTP
The Effect of an Urban Park View on the Price of Apartment - A Case of Songdo Central Park -
No full textInsuring Well-being: Psychological Adaptation to Disasters
No full textWe examine the impact of life and health insurance spending on subjective well-being. Taking advantage of insurance spending and subjective well-being data on more than 700,000 individuals in Japan, we examine whether insurance spending can buffer declines in subjective well-being due to exposure to mass disaster. We find that insurance spending can buffer drops in subjective well-being by approximately 3-6% among those who experienced the mass disaster of the great East Japan earthquake. Subjective health increases the most, followed by life satisfaction and happiness. On the other hand, insurance spending decreases the subjective well-being of those who did not experience the earthquake by approximately 3-7%. We conclude by monetizing the subjective well-being loss and calculating the extent to which insurance spending can compensate for it. The monetary value of subjective well-being buffered through insurance spending is approximately 33,128 USD for happiness, 33,287 USD for life satisfaction, and 19,597 USD for subjective health for a person in one year. Therefore, we confirm that life/health insurance serves as an ideal option for disaster adaptation. Our findings indicate the importance of considering subjective well-being, which is often neglected when assessing disaster losses
Impact of air pollution on human morality: A multinational perspective
No full textAbstract This study aimed to investigate whether global air pollution harms human morals beyond physiological and psychological health. To accomplish this, we conducted an original survey involving over 80,000 individuals across 30 countries, inquiring about their recent perceived unethical behaviors. Through regression analyses, we identified global evidence of a positive correlation between local monthly average concentrations of nitrogen dioxide (NO2) and perceptions of unethical behavior. This finding suggests that air pollution may potentially elicit unethical behavior through a complex response mechanism. It is noteworthy that the impact of air pollution on the inclination to perceive unethical behavior is heterogeneous across categories of unethical behavior and countries. For example, the effects of increasing air pollution concentrations vary even within the same European country: an increase in NO2 concentration in Greece and the Netherlands augments the inclination to perceive fatal unethical behaviors such as murder, terrorism, and suicide, while in Germany, NO2 concentration diminishes the inclination to perceive the same types of unethical behaviors. Overall, the societal costs of air pollution may be even more far-reaching than previously acknowledged, and further research is necessary to unveil the intricate response mechanisms underlying this issue
