The demand for energy of Italian households
AbstractThis paper studies the impact of demographic shifts, energy prices and climate factors on Italian households’ energy budget. The pattern of energy expenditure of Italian households is studied using the Italian Household Budget Survey. The expenditure for heating, private transport and electricity are jointly modelled and the relevant parameters are simulated under different scenarios. According to this exercise, the ageing of the Italian population - coupled with the increase in energy prices and surface temperature - could reduce the share of energy-related expenditure by about 2 percentage points in the next few decades and increase its polarization. Energy policies should take into consideration households’ characteristics and behaviour, and in turn the impact of this heterogeneity on the demand for energy.
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Bibliographic InfoPaper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 822.
Date of creation: Sep 2011
Date of revision:
household energy demand; demographics; climate change;
Find related papers by JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
- Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
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- Xavier Labandeira & José M. Labeaga & Miguel Rodríguez, .
"Microsimulating the Effects of Household Energy Price Changes in Spain,"
Studies on the Spanish Economy
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- Xavier Labandeira & Jose M. Labeaga & Miguel Rodriguez, 2004. "Microsimulating the Effects of Household Energy Price Changes in Spain," Public Economics 0412001, EconWPA, revised 02 Dec 2004.
- Kurt Kratena & Ina Meyer & Michael Wüger, 2008. "Modelling the Energy Demand of Households in a Combined Top Down/Bottom Up Approach," WIFO Working Papers 321, WIFO.
- James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
- Jean-Marc Burniaux & Jean Chateau & Romain Duval & Stéphanie Jamet, 2008. "The Economics of Climate Change Mitigation: Policies and Options for the Future," OECD Economics Department Working Papers 658, OECD Publishing.
- Federico Cingano & Ivan Faiella, 2013. "Green taxation in Italy: an assessment of a carbon tax on transport," Questioni di Economia e Finanza (Occasional Papers) 206, Bank of Italy, Economic Research and International Relations Area.
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