Fighting Climate Change: The Role of Norms, Preferences, and Moral Values

59 Pages Posted: 20 Jul 2021

See all articles by Armin Falk

Armin Falk

University of Bonn - Economic Science Area; briq - Institute on Behavior & Inequality

Peter Andre

Leibniz Institute for Financial Research SAFE; Goethe University Frankfurt

Teodora Boneva

University College London - Department of Economics

Felix Chopra

University of Copenhagen; CEBI

Date Written: 2021

Abstract

We document individual willingness to fight climate change and its behavioral determinants in a large representative sample of US adults. Willingness to fight climate change – as measured through an incentivized donation decision – is highly heterogeneous across the population. Individual beliefs about social norms, economic preferences such as patience and altruism, as well as universal moral values positively predict climate preferences. Moreover, we document systematic misperceptions of prevalent social norms. Respondents vastly underestimate the prevalence of climate- friendly behaviors and norms among their fellow citizens. Providing respondents with correct information causally raises individual willingness to fight climate change as well as individual support for climate policies. The effects are strongest for individuals who are skeptical about the existence and threat of global warming.

JEL Classification: D640, D830, D910, Q510, Z130

Suggested Citation

Falk, Armin and Andre, Peter and Boneva, Teodora and Chopra, Felix, Fighting Climate Change: The Role of Norms, Preferences, and Moral Values (2021). CESifo Working Paper No. 9175, Available at SSRN: https://ssrn.com/abstract=3885418 or http://dx.doi.org/10.2139/ssrn.3885418

Armin Falk (Contact Author)

University of Bonn - Economic Science Area ( email )

briq - Institute on Behavior & Inequality

Schaumburg-Lippe-Straße 5-9
Bonn, 53113
Germany

HOME PAGE: http://www.briq-institute.org/

Peter Andre

Leibniz Institute for Financial Research SAFE ( email )

House of Finance
Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

Goethe University Frankfurt

Grüneburgplatz 1
Frankfurt am Main, 60323
Germany

Teodora Boneva

University College London - Department of Economics ( email )

Drayton House
30 Gordon Street
London, WC1H 0AX
United Kingdom

Felix Chopra

University of Copenhagen ( email )

Øster Farimagsgade 5, Bygn 26
Copenhagen, 1353
Denmark

CEBI ( email )

Denmark

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