Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/224587 
Year of Publication: 
2020
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2020: Gender Economics
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
As long as electricity is generated from fossil fuels, the reduction of its consumption is an important direction for climate protection and related policy measures. Based on data of more than 3700 respondents in Germany, we thus empirically examine the relevance of a large set of well-known determinants of electricity consumption such as household and dwelling char-acteristics, but also of individual values and norms. Since behavioral economics highlights the importance of economic preferences in such public good contexts, we additionally consider risk and time preferences, trust, altruism, and reciprocity in our econometric analysis. With respect to the latter group of factors, however, only time preferences have a strong significant effect on electricity consumption. Furthermore, norms also play only a minor role. In contrast, our estimation results suggest a high relevance of dwelling characteristics and socio-demographics. Interestingly, it seems that a low electricity consumption is no important cli-mate protection activity of German inhabitants with strong environmental values, which is in contrast to the demand of such citizens for green electricity.
Subjects: 
electricity consumption
economic preferences
individual values
social norms
econometric analysis
JEL: 
Q41
Q54
Document Type: 
Conference Paper

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