全球智库信息集成服务系统(G2TT): Energy-related financial literacy and bounded rationality in appliance replacement attitudes: Evidence from Nepal

G2TT

来源类型	Working papers
规范类型	论文
DOI	10.3929/ethz-b-000328611
	Energy-related financial literacy and bounded rationality in appliance replacement attitudes: Evidence from Nepal
	Filippini, Massimo; Kumar, Nilkanth ; Srinivasan, Suchita
发表日期	2019-03
出版者	ETH Zurich, Center of Economic Research (CER-ETH)
出版年	2019
语种	英语
摘要	Bounded rationality is an example of an important behavioral failure responsible for the energy-efficiency gap, whereby agents under-invest in energy-efficient technologies. One means of addressing this is by improving the energy-related financial literacy of households, which is defined as the combination of energy knowledge and cognitive abilities that are needed in order for agents to take sound decisions with respect to investment in durables. This has been found to improve the ability of agents to calculate the lifetime costs of technologies. The objective of this paper is to evaluate the determinants of energy-related financial literacy of respondents from about 2000 urban households in the Terai region of Nepal, and to analyze whether this ability has an effect on replacement attitudes of households regarding inefficient technologies. Using a novel household survey data, we find that respondents have low levels of energy-related financial literacy. While we find differences in the role of some socio-economic determinants of energy-related financial literacy compared to previous studies from developed countries, we also find certain common results, such as female respondents having lower scores. Additionally, we find that higher levels of energy-related financial literacy, especially stronger computational abilities, lead to more rational attitudes with regards to replacement of old appliances. As development has brought, and continues to bring, more households in low and middle-income countries (LMICs) closer to technologies of their liking, ensuring the adoption of energy-efficient technologies may be critical for ensuring sustainable development in the decades to come, and higher.
主题	Bounded rationality ; Energy literacy ; Financial Literacy ; Households ; Nepal
URL	https://www.research-collection.ethz.ch/handle/20.500.11850/328611
来源智库	Centre for Energy Policy and Economics (Switzerland)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/266805
推荐引用方式 GB/T 7714	Filippini, Massimo,Kumar, Nilkanth,Srinivasan, Suchita. Energy-related financial literacy and bounded rationality in appliance replacement attitudes: Evidence from Nepal. 2019.

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