 Earthquake and household energy consumption – Evidence from the Wenchuan earthquake in ChinaZhichao Yin, Yu Yan, Xirong Chen and Taixing Liu Energy Economics, 2022, vol. 111, issue C Abstract: In this article, we focus on how household consumption responded to the Wenchuan earthquake in China. Based on the data from 2007, 2008 and 2009 from the China Urban Household Survey, we adopt the difference-in-difference model (DID) and find that the Wenchuan earthquake significantly restrained household consumption. First, the total consumption, energy consumption and energy consumption ratio were suppressed by the Wenchuan earthquake. The negative impact was mainly driven by the “living like there's no tomorrow” effect, and the consumption decisions of the affected households were not always identical. A possible mechanism is salience theory. Second, both the energy consumption ratio and fuel consumption ratio were dramatically reduced by the Wenchuan earthquake. Third, transfer payments helped households mitigate adverse impacts. In addition, households with low education, low income and low social networks were the most strongly affected by the Wenchuan earthquake. Keywords: Wenchuan earthquake; Natural disaster; Household consumption; Energy consumption (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:111:y:2022:i:c:s0140988322002274 DOI: 10.1016/j.eneco.2022.106061 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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