Determinants of household energy efficiency investment: analysis of refrigerator purchasing behavior
Jiaxing Wang (),
Makoto Sugino () and
Shigeru Matsumoto ()
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Jiaxing Wang: Aoyama Gakuin University
Makoto Sugino: Yamagata University
Shigeru Matsumoto: Aoyama Gakuin University
International Journal of Economic Policy Studies, 2019, vol. 13, issue 2, 389-402
Abstract Previous studies have reported that households tend to not choose an energy-efficient appliance even if appropriate energy-saving information is provided. To identify the determinants of energy efficiency investment, we conducted a household survey in the Tokyo metropolitan area. Specifically, we collect product model information for the refrigerator that a household owns and calculate the yearly loss incurred from choosing a less efficient model. We then identify socioeconomic characteristics of households that are associated with these yearly losses. We find that wealthy households with many family members tend to purchase inefficient models. We also find that a house-renter with a high income is more likely to purchase an energy-inefficient model. A program targeted at such households could be effective for increasing energy savings in the residential sector.
Keywords: Energy efficiency; Household; Micro data; Refrigerator (search for similar items in EconPapers)
JEL-codes: H31 D12 Q48 (search for similar items in EconPapers)
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