Empower the consumer! Energy-related financial literacy and its implications for economic decision making

doi:10.5547/2160-5890.10.2.jbla

GSTDTAP > 资源环境科学

DOI	10.5547/2160-5890.10.2.jbla
	Empower the consumer! Energy-related financial literacy and its implications for economic decision making
	Julia Blasch, Nina Boogen, Claudio Daminato and Massimo Filippini
	2021
出版年	2021
国家	瑞士
领域	资源环境
英文摘要	Untapped energy savings potential in the residential sector might lead to substantial welfare losses. While several studies have focused on the role of behavioral biases in explaining the lack of adoption of energy-efficient durable goods, little is known about the role of limited energy-specific knowledge and financial literacy. In this paper, we propose an integrated concept of ‘energy-related financial literacy’, which combines both energy cost-specific knowledge and skills needed to process this information. Using data from a large household survey in three European countries, we explore the determinants of different measures of literacy and, most importantly, we provide empirical evidence on the association between limited knowledge and skills to perform an intertemporal optimization and the adoption of energy-efficient light bulbs. Our findings support the promotion of energy-specific financial education programs and tools to increase the adoption of energy-efficient durable goods.
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来源平台	Centre for Energy Policy and Economics
引用统计
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/329929
专题	资源环境科学
推荐引用方式 GB/T 7714	Julia Blasch, Nina Boogen, Claudio Daminato and Massimo Filippini. Empower the consumer! Energy-related financial literacy and its implications for economic decision making,2021.