Electricity Consumption and Durable Housing: Understanding Cohort Effects
AbstractWe find that households living in California homes built in the 1960s and 1970s had high electricity consumption in 2000 relative to houses of more recent vintages because the price of electricity at the time of home construction was low. Homes built in the early 1990s had lower electricity consumption than homes of earlier vintages because the price of electricity was higher. The elasticity of the price of electricity at the time of construction was -0.22. As homes built between 1960 and 1989 become a smaller share of the housing stock, average household electricity purchases will fall.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 16732.
Date of creation: Jan 2011
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Other versions of this item:
- Dora L. Costa & Matthew E. Kahn, 2011. "Electricity Consumption and Durable Housing: Understanding Cohort Effects," American Economic Review, American Economic Association, vol. 101(3), pages 88-92, May.
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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- Dora L. Costa & Matthew E. Kahn, 2010. "Why Has California’s Residential Electricity Consumption Been So Flat since the 1980s?: A Microeconometric Approach," NBER Working Papers 15978, National Bureau of Economic Research, Inc.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- To Be Green in Seattle
by Matthew E. Kahn in Environmental and Urban Economics on 2011-10-18 02:36:00
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by Matthew E. Kahn in Environmental and Urban Economics on 2011-08-28 17:36:00
- Durable Housing and Overall Trends in the Economy's Energy Efficiency
by Matthew E. Kahn in Environmental and Urban Economics on 2011-01-29 15:26:00
- Will a Rebate of $4,000 Stimulate Green Residential Retrofits?
by Matthew Kahn in the reality-based community on 2011-03-01 23:57:49
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- The Consequences of Carbon Cap & Trade
by Matthew E. Kahn in Legal Planet on 2013-04-20 20:45:31
- Brounen, Dirk & Kok, Nils & Quigley, John M., 2012. "Residential energy use and conservation: Economics and demographics," European Economic Review, Elsevier, vol. 56(5), pages 931-945.
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