Electricity Consumption and Durable Housing: Understanding Cohort Effects

Dora Costa and Matthew Kahn

No 16732, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We find that households living in California homes built in the 1960s and 1970s had high electricity consumption in 2000 relative to houses of more recent vintages because the price of electricity at the time of home construction was low. Homes built in the early 1990s had lower electricity consumption than homes of earlier vintages because the price of electricity was higher. The elasticity of the price of electricity at the time of construction was -0.22. As homes built between 1960 and 1989 become a smaller share of the housing stock, average household electricity purchases will fall.

JEL-codes: Q41 Q58 (search for similar items in EconPapers)
Date: 2011-01
Note: EEE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

Published as Dora L. Costa & Matthew E. Kahn, 2011. "Electricity Consumption and Durable Housing: Understanding Cohort Effects," American Economic Review, American Economic Association, vol. 101(3), pages 88-92, May.

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Journal Article: Electricity Consumption and Durable Housing: Understanding Cohort Effects (2011)
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