Talking About the Weather: Availabilty, Affect and the Demand for Green Investments

40 Pages Posted: 27 Nov 2019 Last revised: 15 Jan 2020

See all articles by Anders Anderson

Anders Anderson

Swedish House of Finance

David T. Robinson

Fuqua School of Business, Duke University; National Bureau of Economic Research (NBER); Duke Innovation & Entrepreneurship Initiative

Date Written: November 20, 2019

Abstract

We survey investors and establish a link between adverse weather events and beliefs about future climate calamities. By matching the survey to individual registry data, we study how exposure to climate calamities drives people to make “green” choices. These individuals are more likely to say they recycle more than their neighbors, are willing to pay extra for environmentally friendly products, think green investments outperform, and are willing to pay higher fees for green mutual funds. They also trade their retirement portfolios into investments that tout environmental sustainability.

Keywords: Availability, ESG, Sustainability, Retirement Savings

JEL Classification: G11, G28

Suggested Citation

Anderson, Anders and Robinson, David T., Talking About the Weather: Availabilty, Affect and the Demand for Green Investments (November 20, 2019). Swedish House of Finance Research Paper No. 19-14. Available at SSRN: https://ssrn.com/abstract=3490730

Anders Anderson (Contact Author)

Swedish House of Finance ( email )

Drottninggatan 98
111 60 Stockholm
Sweden

David T. Robinson

Fuqua School of Business, Duke University ( email )

100 Fuqua Drive
Durham, NC 27708-0120
United States
919-660-8023 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Duke Innovation & Entrepreneurship Initiative ( email )

215 Morris St., Suite 300
Durham, NC 27701
United States

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