NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Shinsuke Uchida

Graduate School of Economics
Nagoya City University
1 Yamanohata, Mizuho-cho, Mizuho-ku
Nagoya 467-8501
Japan
Tel: +81 (0)52-872-5744

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Nagoya City University

NBER Working Papers and Publications

October 2019Be Cautious with the Precautionary Principle: Evidence from Fukushima Daiichi Nuclear Accident
with Matthew J. Neidell, Marcella Veronesi: w26395
This paper provides a large scale, empirical evaluation of unintended effects from invoking the precautionary principle after the Fukushima Daiichi nuclear accident. After the accident, all nuclear power stations ceased operation and nuclear power was replaced by fossil fuels, causing an exogenous increase in electricity prices. This increase led to a reduction in energy consumption, which caused an increase in mortality during very cold temperatures. We estimate that the increase in mortality from higher electricity prices outnumbers the mortality from the accident itself, suggesting the decision to cease nuclear production has contributed to more deaths than the accident itself.
 
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