Electricity Consumption and Durable Housing: Understanding Cohort Effects

Electricity Consumption and Durable Housing: Understanding Cohort Effects Abstract We 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Economic Review American Economic Association

Electricity Consumption and Durable Housing: Understanding Cohort Effects

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Publisher
American Economic Association
Copyright
Copyright © 2011 by the American Economic Association
Subject
Papers
ISSN
0002-8282
D.O.I.
10.1257/aer.101.3.88
Publisher site
See Article on Publisher Site

Abstract

Abstract We 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.

Journal

American Economic ReviewAmerican Economic Association

Published: May 1, 2011

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