This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one’s own past behavior play in this context. By combining data on individuals’ pro-environmental consumption from a...

A computable general equilibrium analysis of emissions trading between Russia and the European Union (EU) is presented using a complete and consistent input-output database for the Russian Federation and several baseline scenarios for Russia’s future economic development. We find that...

This article reports the effects of environmental fiscal reform recently undertaken in Germany. Our assessment uses a computable general equilibrium model of Germany and the rest of the European Union (EU) calibrated to input-output data for 1995. We found that the environmental fiscal reform...

Following a major earthquake off the Pacific coast of Japan, a tsunami disabled the power supply and cooling of three reactors in Fukushima, causing a major nuclear accident on 11 March 2011. Based on a quasi-experimental difference-in-differences approach we use panel data for 5,979 individuals...

This paper analyzes the relationship between information and communication technology (ICT) and energy demand. We construct a comprehensive cross-country cross-industry panel data set covering 13 years, 10 OECD countries, and 27 industries. Using up to 2889 country-industry observations, we find...

Previous literature has identified considerable non-pecuniary costs to macroeconomic fluctuation and uncertainty. The present paper investigates whether and to what extent labor market institutions can mitigate those costs. We study how life satisfaction of European citizens is affected by...

The social costs of unemployment, in terms of unemployment's impact on European citizens' life satisfaction, relate strongly to unemployment duration. At any level of general joblessness, reducing long-term unemployment is more important than reducing the number of people unemployed at any point...

This paper uses data on the life satisfaction of more than 100,000 individuals in 21 European countries, 2002-2011, to study the relationship between subjective well-being and the prices for households of electricity, oil and gas. We find that energy prices have statistically and economically...

In modeling emissions, the literature has usually specified an explicit emission function, or treated emissions as a production input. We examine the validity of these approaches, taking into account the materials balance principle. We show that a technology can equivalently be described by (i)...