Greenery and subjective well-being: Assessing the monetary value of greenery by type

T Tsurumi, A Imauji, S Managi - Ecological Economics, 2018 - Elsevier
T Tsurumi, A Imauji, S Managi
Ecological Economics, 2018Elsevier
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 …
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.
Elsevier
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