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Stråle, Jonathan, 2016. The effects of increased non-work time on the energy intensity of consumption. Second cycle, A2E. Uppsala: SLU, Dept. of Economics

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Abstract

This thesis investigates how the energy intensity of consumption is affected by an increase in non-work time by estimating how retirement affects the consumption of gasoline and air travel. An estimable model is derived from Becker's (1965) theory of time allocation which is then estimated for a sample of 58-68 year old full-time workers and retired individuals that is taken from the 2014 Consumer Expenditure Survey made by the Bureau of Labor Statistics. Together with the estimation of a secondary model, it is found that retirement increases total energy intensity of consumption through an increase in airfare expenditure together with a slight decrease in gasoline expenditure. A simple test for extrapolation further suggests that extrapolation of the results for the whole working population might be possible.

Main title:The effects of increased non-work time on the energy intensity of consumption
Authors:Stråle, Jonathan
Supervisor:Hart, Robert
Examiner:Hess, Sebastian
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1048
Year of Publication:2016
Level and depth descriptor:Second cycle, A2E
Student's programme affiliation:NM005 Environmental Economics and Management - Master's Programme 120 HEC
Department:(NL, NJ) > Dept. of Economics
Keywords:consumption, energy-intensity of consumption, time allocation, time effects, retirement consumption
URN:NBN:urn:nbn:se:slu:epsilon-s-5720
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-5720
Subjects:Economics and management
Language:English
Deposited On:23 Aug 2016 13:42
Metadata Last Modified:23 Aug 2016 13:42

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