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Will President Reagan's Energy Policy Lead Households to Conserve?

Abstract:
When energy was cheap and easily available, consumers' paid little attention to their energy use and bills, so after the supply disruptions of the1970s, they were poorly equipped to deal with the changes they faced in energy prices and availability. During the 1970s, the federal government undertook various programs of education and assistance, including dissemination of printed information, establishment of energy standards for federally financed homes, and tax credits for use of alternative energy sources.

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Energy Specializations: Energy and the Economy – Energy as a Productive Input; Energy and the Economy –Economic Growth and Energy Demand; Energy and the Economy – Resource Endowments and Economic Performance; Energy and the Economy – Energy Shocks and Business Cycles

JEL Codes:
O13 - Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Q34 - Natural Resources and Domestic and International Conflicts
F44 - International Business Cycles

Keywords: Energy conservation, US, Household sector, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol3-No1-5


Published in Volume 3, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.