Housing wealth and residential energy consumption
Housing wealth and residential energy consumption
复制标题
DOI：
10.1016/j.enpol.2020.111581
复制
发表时间：
2020-08-01
期刊：
影响因子：
9
通讯作者：
Li, Steven Haotong
中科院分区：
文献类型：
--
作者：
Bao, Helen X. H.;Li, Steven Haotong
住房财富效应通常表现为消费与感知住房财富(例如，房屋感知价值)之间的正相关关系。当房产的感知价值上升时，房主可能会对自己的财富感到更舒适和安全，从而导致他们支出更多。这项研究采用了行为方法来验证这种关系是否适用于英国的住宅能源消费。在控制房地产特征和大量人口、社会经济和能源使用行为变量的同时，我们确定了住房财富和能源消耗之间的显著关系。我们的模型还考虑了能源消费行为中的心理偏差，如框架效应。我们的发现揭示了住房财富对住宅能源消耗的行为方面的影响，并展示了推动家庭节能的潜力。最重要的是，我们就住房财富、住宅能源消耗和燃料贫困之间的有趣关系提供了经验证据。这项研究的结果对设计和实施能够在社会公平和经济效率之间取得平衡的能源消费政策特别有帮助。
The housing wealth effect often manifests as a positive relationship between consumption and perceived housing wealth (e.g. the perceived value of houses). When the perceived value of a property rises, homeowners may feel more comfortable and secure about their wealth, causing them to spend more. This study adopts a behavioural approach to verify if this relationship holds true for residential energy consumption in the UK. While controlling for property characteristics and a large number of demographic, socioeconomic and energy-use behaviour variables, we identified a significant relationship between housing wealth and energy consumption. Our models also considered psychological biases in energy consumption behaviours, such as the framing effect. Our findings shed light on the behavioural aspects of housing wealth effect on residential energy consumption and demonstrate the potential to 'nudge' households towards energy conservation. Most importantly, we provide empirical evidence on the intriguing relationship among housing wealth, residential energy consumption and fuel poverty. The findings of this study are particularly helpful in designing and implementing energy consumption policies that can strike a balance between social justice and economic efficiency.