Limited Attention and the Residential Energy Efficiency Gap | Zendy

Karen Palmer | Zendy; Margaret Walls | Zendy

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Limited Attention and the Residential Energy Efficiency Gap

Author(s) -

Karen Palmer,

Margaret Walls

Publication year - 2015

Publication title -

american economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 16.936

H-Index - 297

eISSN - 1944-7981

pISSN - 0002-8282

DOI - 10.1257/aer.p20151009

Subject(s) - audit , index (typography) , energy (signal processing) , efficient energy use , business , economics , survey data collection , public economics , actuarial science , accounting , engineering , computer science , statistics , electrical engineering , mathematics , world wide web

Inattention may be an important contributor to the energy efficiency gap and may be particularly acute in residential buildings where many different features will determine a home's energy use. Energy audits can provide information on how to reduce energy loss in a home, but the use of audits is rare. We use data from a national survey of 1700 homeowners to study the factors affecting a home owner's choice to have an audit. We create an index of energy inattention for our survey respondents. This index and two additional behavioral factors prove to be important determinants of the audit choice.

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