The Effect of House Energy Efficiency Costs on the Participation Rate and Investment Amount of Lower-Income Households

Drivas, Kyriakos and Rozakis, Stelios and Xesfingi, Sofia (2018): The Effect of House Energy Efficiency Costs on the Participation Rate and Investment Amount of Lower-Income Households.

Abstract

We examine the largest house energy efficiency retrofit support program in Greece that ran during 2011-2015 and approximately fifty thousand households participated. We take advantage of an exogenous change that occurred while the program was running. This change substantially increased the subsidy rate for lower-income households. We find that this effective cost reduction increased the participation rate (extensive margin) and investment amount (intensive margin) of these lower-income households.

• Item Type: MPRA Paper
• Language: English
• Keywords: Energy efficiency retrofits, subsidy, exogenous change, participation rate, household investment.
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q40 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R2 - Household Analysis

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