Replication data for: The Demand for Energy-Using Assets among the World's Rising Middle Classes

Principal Investigator(s): View help for Principal Investigator(s) Paul J. Gertler; Orie Shelef; Catherine D. Wolfram; Alan Fuchs

Version: View help for Version V1

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AER_2013_1455_data_appendix			10/12/2019 01:30:AM
LICENSE.txt	text/plain	14.6 KB	10/11/2019 09:30:PM

Project Citation:

Gertler, Paul J., Shelef, Orie, Wolfram, Catherine D., and Fuchs, Alan. Replication data for: The Demand for Energy-Using Assets among the World’s Rising Middle Classes. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E112959V1

Project Description

Summary: We study household decisions to acquire energy-using assets in the presence of rising incomes. We develop a theoretical framework to characterize the effect of income growth on asset purchases when consumers face credit constraints. We use large and plausibly exogenous shocks to household income generated by the conditional-cash-transfer program in Mexico, Oportunidades, to show that asset acquisition is nonlinear, depends, as predicted in the presence of credit constraints, on the pace of income growth, and both effects are economically large among beneficiaries. Our results may help explain important worldwide trends in the relationship between energy use and income growth.

Scope of Project

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      I32 Measurement and Analysis of Poverty
      I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
      O12 Microeconomic Analyses of Economic Development
      O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
      Q47 Energy Forecasting

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V1 [2019-10-12]

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