Explaining electricity demand and the role of energy and investment literacy on end-use efficiency of Swiss households

Blasch, Julia; Boogen, Nina; Filippini, Massimo; Kumar, Nilkanth

doi:10.1016/j.eneco.2017.12.004

Cited by 72 publications

(69 citation statements)

References 38 publications

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“…Next, we look at the stochastic frontier model for estimation of efficiency in the use of electricity in Blasch et al (2017a). Table 10 reports the (re-)estimation results using literacy based clusters in the main generalized true random effect model (GTREM-1) for the electricity demand estimation in Blasch et al (2017b).…”

Section: Robustness Check Of Previous Results Using the Clustering Apmentioning

confidence: 99%

“…Note: * p<0.1; * * p<0.05; * * * p<0.01. The table reports the (re-)estimation results using literacy based clusters in the main generalized true random effect model (GTREM-1) for the electricity demand estimation in Blasch et al (2017a). The dataset with 8295 observations is an unbalanced panel over five years (2010)(2011)(2012)(2013)(2014) and corresponds to 1994 Swiss households.…”

Section: Discussionmentioning

confidence: 99%

“…Marginal effects of exogenous variables (marked with # ) are for INVCALC=1. In HSEU-Bern, INVCALC is represented as variable compTLC Blasch et al (2017a)…”

mentioning

confidence: 99%

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A Model-based Clustering Approach for Analyzing Energy-related Financial Literacy and Its Determinants

Kumar

2019

SSRN Journal

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Recent research highlights the role of consumer's energy-related financial literacy in adoption of energy efficient household appliances in order to reduce the energy-efficiency gap within the household sector. The computation of an indicator for such a literacy measure has followed a somewhat less refined approach though. This paper demonstrates the use of a model-based clustering strategy in order to differentiate the population based on the level of energy-related financial literacy. Using a Swiss data with 6, 722 respondents, we are able to identify three latent groups that represent low, mid and high levels of literacy. We use this new measure within an ordered logit setting with the goal of explaining the determinants of the level of energy-related financial literacy and compare empirical results using classical indicators and approaches. The empirical findings suggest a significant gender-gap among the Swiss population, i.e. females, even those with university education, are less likely to possess a high level of energy-related financial literacy. Individuals who display strong concern for free-riding on their own energy reduction behavior, are also found to have higher odds of belonging to the low literacy group. The results show that it is possible to identify latent classes that have a general and intuitive meaning and provides support to the model-based clustering approach as a sophisticated alternative. This could be a useful approach when empirical researchers are interested in (attribute-based) latent groups of consumers. The identification of latent classes also provides a possibility to target consumers belonging to these classes with specific policy measures in order to increase their level of literacy.

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Section: Robustness Check Of Previous Results Using the Clustering Apmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

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A Model-based Clustering Approach for Analyzing Energy-related Financial Literacy and Its Determinants

Kumar

2019

SSRN Journal

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“…In fact, individuals with a higher level of energy and energy-related investment literacy, including knowledge regarding total energy consumption and energy use of appliances as well as the ability to calculate compound interest, seem to be more likely to choose more efficient appliances. Recent research has shown that energy and investment literacy can positively influence the level of energy efficiency of a household (Blasch et al, 2017a) by supporting consumers' choices of more efficient electrical appliances and heating systems (Blasch et al, 2017b;Brounen et al, 2013).…”

Section: The Impact Of Energy-related Investment Literacy and Decisiomentioning

confidence: 99%

“…Performing this calculation requires not only that all this information is available in the purchase situation but also that the consumer is able to process the information. As shown by Attari et al (2010) for the US, Brounen et al (2013) for the Netherlands and Blasch et al (2017a) for Switzerland, the level of energy-related knowledge and investment literacy, i.e. the ability to perform an investment analysis, in the population tends to be relatively low.…”

Section: Introductionmentioning

confidence: 99%

Narrowing the Energy Efficiency Gap: The Impact of Educational Programs, Online Support Tools and Energy-Related Investment Literacy

et al. 2017

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Department of Economics, Centro de Investigación y Docencia Económicas (CIDE)Last revision: September 21, 2017 AbstractThere is evidence that many individuals make suboptimal investment decisions when the benefits and costs associated with that decision are distributed over time. One example is the decision to adopt new electrical appliances, with the benefits of choosing a more energyefficient device materializing only in the future. This paper analyses the impact of the level of an individual's energy-related investment literacy on the adoption of energy-efficient appliances. Moreover, the empirical analysis explores the impact of decision support tools such as educational slides on the probability that individuals identify the appliance with the lowest lifetime cost, which is ideally also the most energy-efficient appliance. To test the influence of these decision support tools, we developed an online randomized controlled trial and implemented it on two independently chosen samples of the Swiss population. One treatment offers a short education program on how to calculate the lifetime cost of an appliance -via a set of information slides. The second intervention provides access to an online calculator that supports the investment decision-making of the individual. Results across the two samples are encouraging. We find that i) pre-treatment energy and investment literacy positively impact on the probability of identifying the appliance with the lowest lifetime cost; ii) the reinforcement of energy-related investment literacy increases the rate at which individuals identify the appliance with the lowest lifetime cost; and iii) while both interventions are effective in increasing the chances that an appliance with the lower lifetime cost is chosen, the online calculator turned out to be more effective than the educational program. Public policy implications are discussed.

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Four Passages to Information Use Related Phenomena in Bachelor Theses at the Finnish Universities of Applied Sciences

Kämäräinen¹,

Mönkkönen

Saarti

2019

Communications in Computer and Information Science

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This year the theme is information literacy and related phenomena in different arenas of people's everyday life. This is a research area whose body of studies is still quite limited. The presentations will increase our understanding of information literacy in terms of conceptual and methodological development and application in professional practice that aims to enhance learning, coaching, and teaching. They may inspire us towards novel approaches for getting hold of the phenomena in different everyday life environments and contexts. This year we had the total of 234 original initially submitted proposals, of which 180 were finally accepted for presentation and are thus included in this Book of Abstracts. The major part of the presentations is formed by papers, 98 in total. We have 38 presentations of best practices, seven workshops, 19 posters, 11 PechaKucha presentations, and three doctoral students' papers. We have three distinguished Keynote Speakers from the broad field of information sciences. Frans Mäyrä has investigated games and digital cultures for more than 20 years, Karen Fisher's research interests are in refugees' information behaviour and people's experiences of information in their everyday life, and Peter Bath is an expert of health informatics and sharing of information in online environments. Our Invited Speaker, Kristiina Kumpulainen from educational sciences, has studied young children's learning, development and wellbeing in formal education and beyond, as well as multiliteracies, dialogic learning, agency and identity, and teachers' professional development. All these 180 presentations of ECIL 2018 will provide us an opportunity to deepen our professional competence and widen our views of information literacy and related issues when the context is familiar to all of us, but the studies of these phenomena are rather rare.It is delightful to tell you that this year Finnish National Commission for UNESCO is a patron of ECIL along with IFLA's permanent patronage. ECIL's sponsors are the City of Oulu, the Finnish Library Association FLA, the Finnish Research Library Association, the AMKIT Universities of Applied Sciences Libraries in Finland, the Librarians' Foundation, and the Federation of Finnish Learned Societies. Furthermore, the Finnish Association for Information Studies is in charge of the Doctoral Forum that is organized with the support from the Finnish Association of Scholarly Publishing. Moreover, besides providing working hours, our Department of Information and Communication Studies has financially contributed in organizing ECIL 2018. We would like to thank all these bodies for their valuable support.Most of all, we are grateful to the initiators and pioneers of ECIL, Serap Kurbanoglu and Sonja Špiranec, for providing us this possibility to organize ECIL in Oulu. We also thank Joumana Boustany for her expertise with the finances and the conference management system, and Denis Kos for his support. In addition, ECIL would not take place without the Standing and Programme Committees' ...

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Explaining electricity demand and the role of energy and investment literacy on end-use efficiency of Swiss households

Cited by 72 publications

References 38 publications

A Model-based Clustering Approach for Analyzing Energy-related Financial Literacy and Its Determinants

A Model-based Clustering Approach for Analyzing Energy-related Financial Literacy and Its Determinants

Narrowing the Energy Efficiency Gap: The Impact of Educational Programs, Online Support Tools and Energy-Related Investment Literacy

Four Passages to Information Use Related Phenomena in Bachelor Theses at the Finnish Universities of Applied Sciences

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