Our new paper is forthcoming in AER: Insights. We show that low-income households are not only more exposed to energy price hikes, but also less able to adjust—often through defaults and cuts in other spending.
Details in the thread by @AhlvikLassi 👇
Remember the European Energy Crisis of 2022?
We have a new working paper studying the household-level responses to energy prices.
We use Finnish registry data and the crisis as a natural experiment to learn how households respond to electricity price shocks. /1
Ha! This is great. We had similar exercises in a course I was TAing, where depending on how you worked with the data, you’d end up with images of me, the prof, or our prof emeritus!
