We 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...

While various policy instruments have attempted to raise environmental concerns in the past decades, it is unclear if these concerns are revealed in the consumer choices of our daily life. In this study, we investigate whether environmental concerns drive the choices of modes of transport...

We 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...

The 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,...

We 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...

Voluntary carbon offset markets play an important role in climate change mitigation by deploying technologies in order of lowest abatement cost. The objective of this study is to identify the key drivers of changes in the volume of carbon credits issued in voluntary registry offset markets from...

This study conducts both theoretical and empirical analyses of how the non-legally-binding policies originating from COVID-19 affect people's going-out behavior. The theoretical analysis assumes that under a declared state of emergency, the individual going out suffers psychological costs...

Natural capital defines planetary boundaries and provides a basis for sustainable development. This study reviews previous theoretical developments and confirms that natural capital accounting within the Inclusive Wealth (IW) framework provides a robust link between current capital assets and...

Due to climate change and social issues, environmental, social, and governance (ESG) solutions receive increased attention and emphasis. Being influential market leaders, investors wield significant power to persuade companies to prioritize ESG considerations. However, investors’ preferences...

We create a large language model with high accuracy to investigate the relatedness between 12 environmental, social, and governance (ESG) topics and more than 2 million news reports. The text match pre-trained transformer (TMPT) with 138,843,049 parameters is built to probe whether and how much...