| Title |
Energy-related financial literacy and electricity consumption: Survey-based evidence from Finland |
| Authors |
Kalmi, Panu ; Trotta, Gianluca ; Kažukauskas, Andrius |
| DOI |
10.1111/joca.12395 |
| Full Text |
|
| Is Part of |
Journal of consumer affairs.. Hoboken : Wiley. 2021, vol. 55, no. 3, p. 1062-1089.. ISSN 0022-0078. eISSN 1745-6606 |
| Keywords [eng] |
electricity use ; energy-related financial literacy ; households |
| Abstract [eng] |
We provide new insights into (i) the level of energy-related financial literacy in Finnish households, (ii) the sociodemographic characteristics that affect energy-related financial literacy, and (iii) whether energy-related financial literacy influences household electricity consumption. We use a data set consisting of energy-related financial literacy questions combined with monthly electricity consumption data. We draw from the recent literature on energy-related financial literacy and suggest two new variables based on subjective perceptions on energy-related financial literacy. Gender has a strong association with energy-related financial literacy. Our results also indicate that households of respondents with higher levels of energy-related financial literacy tend to consume less electricity when we control for other factors such as dwelling and household characteristics. This implies that measures to promote energy-related financial literacy might guide consumers' decisions toward energy efficiency and conservation. |
| Published |
Hoboken : Wiley |
| Type |
Journal article |
| Language |
English |
| Publication date |
2021 |
| CC license |
|
