Template-type: ReDIF-Paper 1.0
Author-Name: Canepa, Alessandra 
Author-Email: alessandra.canepa@unito.it
Author-Name: Fontana, Magda   
Author-Email: magda.fontana@unito.it
Author-Name: Chersoni, Giulia  
Author-Email: giulia.chersoni@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: The Role of Environmental and Financial Concerns on Energy-Saving Investments: A Stochastic Dominance Analysis
Abstract: In this paper we investigate whether households’ environmental and financial concerns have any effect on their 
energy-saving investments. Exploiting a comprehensive dataset covering thirty European countries we investigate if 
financially concerned and environmentally minded households feature different adoption paths. The results show that 
environmental and financial concerns play an important role in the decision of adopting energy saving technologies, 
thus paving the way for policy actions targeted at enhancing consumer awareness. Our analysis also revealed that 
environmentally and financially concerned households exhibit different socio-economic profiles. We find that 
environmentally minded, highly educated households living in urban areas with large family size are more likely to adopt 
than their counterparts with low level of education living in rural areas. On the other side, income is an important 
factor explaining adoption of economically concerned household. From the methodological point of view our analysis is 
based on both parametric and non-parametric methods. Namely, we use stochastic dominance analysis to rank distribution 
functions of household behaviour and the logit model to investigate the socio-economic profile of different groups.
Length: pages 26
Creation-Date: 2021-03
File-URL: https://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2021dip/wp_09_2021.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:202109