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Replication data for: Are Home Buyers Inattentive? Evidence from Capitalization of Energy Costs

Version
1
Resource Type
Dataset
Creator
  • Myers, Erica
Publication Date
2019-05-01
Description
  • Abstract

    This paper explores whether home buyers are attentive to energy costs. The cost-effectiveness of market-based pollution policies crucially depends on whether consumers are attentive to energy costs when purchasing energy-using durables. I exploit energy-cost variation from fuel-price changes in Massachusetts where there is significant overlap in the geographic and age distributions of oil-heated and gas-heated homes. The results strongly reject that home buyers are unresponsive to energy costs under a wide range of consumption and discount-rate assumptions. Furthermore, my preferred specification is consistent with full capitalization of fuel expenditures at discount rates similar to mortgage interest rates.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20170481 (Text)
Publications
  • Myers, Erica. “Are Home Buyers Inattentive? Evidence from Capitalization of Energy Costs.” American Economic Journal: Economic Policy 11, no. 2 (May 2019): 165–88. https://doi.org/10.1257/pol.20170481.
    • ID: 10.1257/pol.20170481 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Myers, Erica (2019): Replication data for: Are Home Buyers Inattentive? Evidence from Capitalization of Energy Costs. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116524V1