Energy Prices, Energy Poverty, and Well-Being: Evidence for European Countries
This paper uses data on the life satisfaction of more than 100,000 individuals in 21 European countries, 2002-2011, to study the relationship between subjective well-being and the prices for households of electricity, oil and gas. We find that energy prices have statistically and economically signif...
Gespeichert in:
| Hauptverfasser: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Oldenburg
Univ., Department of Economics
2014
|
| Schriftenreihe: | Oldenburg discussion papers in economics
V ; 369 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper uses data on the life satisfaction of more than 100,000 individuals in 21 European countries, 2002-2011, to study the relationship between subjective well-being and the prices for households of electricity, oil and gas. We find that energy prices have statistically and economically significant effects on subjective well-being. The effect sizes are smaller than but comparable to the effects of important personal factors of well-being. Effects above average are found in individuals from the lowest income quartile. In addition, effects are strongest at times when required energy expenditures can be expected to be high. The empirical results are consistent with the prediction that greater energy poverty implies a greater effect of energy prices on well-being. |
| Beschreibung: | 1 Online-Ressource |
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| spelling | Welsch, Heinz 1955- Verfasser (DE-588)170118142 aut Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries Heinz Welsch ; Philipp Biermann Oldenburg Univ., Department of Economics 2014 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Oldenburg discussion papers in economics : V 369 This paper uses data on the life satisfaction of more than 100,000 individuals in 21 European countries, 2002-2011, to study the relationship between subjective well-being and the prices for households of electricity, oil and gas. We find that energy prices have statistically and economically significant effects on subjective well-being. The effect sizes are smaller than but comparable to the effects of important personal factors of well-being. Effects above average are found in individuals from the lowest income quartile. In addition, effects are strongest at times when required energy expenditures can be expected to be high. The empirical results are consistent with the prediction that greater energy poverty implies a greater effect of energy prices on well-being. Biermann, Philipp Verfasser aut Oldenburg discussion papers in economics V ; 369 (DE-604)BV039810434 369 http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-369-14.pdf Verlag kostenfrei Volltext |
| spellingShingle | Welsch, Heinz 1955- Biermann, Philipp Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries Oldenburg discussion papers in economics |
| title | Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries |
| title_auth | Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries |
| title_exact_search | Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries |
| title_full | Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries Heinz Welsch ; Philipp Biermann |
| title_fullStr | Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries Heinz Welsch ; Philipp Biermann |
| title_full_unstemmed | Energy Prices, Energy Poverty, and Well-Being Evidence for European Countries Heinz Welsch ; Philipp Biermann |
| title_short | Energy Prices, Energy Poverty, and Well-Being |
| title_sort | energy prices energy poverty and well being evidence for european countries |
| title_sub | Evidence for European Countries |
| url | http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-369-14.pdf |
| volume_link | (DE-604)BV039810434 |
| work_keys_str_mv | AT welschheinz energypricesenergypovertyandwellbeingevidenceforeuropeancountries AT biermannphilipp energypricesenergypovertyandwellbeingevidenceforeuropeancountries |