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Too Poor to Be Green? The Effects of Wealth on the Residential Heating Transformation
Tobias Berg, Ulf Nielsson, Daniel Streitz
SSRN Working Paper,
2024
Abstract
Using the near-universe of Danish owner-occupied residential houses, we show that an exogenous increase in wealth significantly increases the likelihood to switch to green heating. We estimate an elasticity of one at the median of the wealth distribution, i.e., a 10% increase in wealth increase raises green heating adoption by 10%. Effects are heterogeneous along the wealth distribution: all else equal, a redistribution of wealth from rich households to poor households can significantly increase green heating adoption. We further explore potential channels of our findings (pro-social preferences, financial constraints, and luxury goods interpretation). Our results emphasize the role of economic growth for the green transition.
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Vergebene Aufträge Das IWH veröffentlicht an dieser Stelle eine Liste der nach beschränkten Ausschreibungen und freihändigen Vergaben vergebenen Aufträge/Verhandlungsvergaben nach…
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20E Sample
20e sample Descriptives Joint Distribution Transition Matrices 20E complete Back
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20E complete
20e Complete total files size: ~30 GB Back
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Joint Distribution Mac Sector (weighted)
20e Joint Distribution Mac Sector (weighted) total files size: 2.38 GB Back
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Joint Distribution Industry (weighted)
20e Joint Distribution Industry (weighted) total files size: ~7.3 GB Back
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Joint Distribution Country (weighted)
20e Joint Distribution Country (weighted) total files size: ~400 MB Back
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Descriptives
20e Descriptives total file size: ~500mb Back
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Joint Distribution Mac Sector (unweighted)
20e Joint Distribution Mac Sector (unweighted) total files size: ~2.3 GB Back
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