Financial literacy and household energy efficiency: An analysis of credit market and supply chain

Xiang Ye and Pengpeng Yue

Finance Research Letters, 2023, vol. 52, issue C

Abstract: We use survey data from China households to investigate the impact of financial literacy on household energy efficiency. We aggregate the household energy use and carbon emissions after calculating the energy and carbon intensity of the related sectors of household expenditure. We show that households with high financial literacy perform higher energy use and carbon emissions but lower energy efficiency. Furthermore, the credit market and supply chain have statistically positive effects on energy use and carbon emissions. The results suggest that the government should take more decisive action to reduce carbon emissions, not rely on households voluntarily.

Keywords: Financial literacy; Consumer lifestyle approach; Energy efficiency; Carbon emissions; Energy use (search for similar items in EconPapers)
JEL-codes: D12 G51 G53 O13 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:52:y:2023:i:c:s1544612322007395

DOI: 10.1016/j.frl.2022.103563

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