Global S&T Development Trend Analysis Platform of Resources and Environment
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. |
URL | 查看原文 |
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. |
条目包含的文件 | 条目无相关文件。 |
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