Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/191482 
Year of Publication: 
2016
Series/Report no.: 
IRENE Working Paper No. 16-02
Publisher: 
University of Neuchâtel, Institute of Economic Research (IRENE), Neuchâtel
Abstract: 
Recent research into the determinants of household energy consumption has aimed to incorporate findings from economics, sociology and psychology in order to obtain a more comprehensive understanding of the factors determining energy demand. The current paper contributes to this nascent stream of literature by studying the relationship between risk attitudes, trust propensity and energy consumption at the household level. Drawing on the British Household Panel Survey, a well-known data set in the context of energy studies, I show that trust is negatively correlated with household energy demand, while higher risk tolerance leads to increases in residential energy use. Potential explanations for these findings are investigated, suggesting that risk preferences may be related with overall appliance stock and the size of the rebound effect.
Subjects: 
Risk attitudes
Trust
Energy expenditures
BHPS
UK Households
JEL: 
Q40
Q50
Document Type: 
Working Paper

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