Energy-related financial literacy and retrofits of Soviet-era apartment buildings: the case of Lithuania

Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Energy-related financial literacy and retrofits of Soviet-era apartment buildings: the case of Lithuania
In the Journal:
Energy economics. 2023, 120, p. 1-42
Summary / Abstract:

ENThis paper extends the literature on energy-related financial literacy by examining its role in collective energy retrofit investment decisions in Soviet-era countries, which suffer from suboptimal levels of these investments, purportedly due to a lack of energy-specific knowledge and financial skills as well as low levels of trust. We investigate whether energy-related financial literacy and trust help explain collective energy retrofit investment decisions of typical Soviet-built multi-dwelling buildings in the case of Lithuania. Using unique survey data from Lithuania, we find that individuals' willingness to invest in multi-dwelling building energy retrofits is positively associated with individuals' general financial literacy, energy literacy, and energy-related financial literacy. Furthermore, we show that individuals' trust in institutions that are directly involved in the house-retrofitting process is an important predictor for multi-dwelling building energy retrofit decisions. Keywords: Energy efficiency; Energy-related financial literacy; Energy retrofit; Financial literacy; Multi-dwelling buildings; Soviet-era countries; Survey data. [From the publication]

DOI:
10.1016/j.eneco.2023.106583
ISSN:
1873-6181; 0140-9883
Related Publications:
Būsto politika ir visuomenės iniciatyvos mieste / Jolanta Aidukaitė, Anna Lipnevič, Saulius Nefas, Alvita Narkevičiūtė, Fausta Anulytė. Vilnius : Lietuvos socialinių tyrimų centras, 2014. 206 p.
Permalink:
https://www.lituanistika.lt/content/107417
Updated:
2024-04-22 21:29:24
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