Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Energy efficiency and climate policy Location: Auditorium C: Thore Johnsen Session Chair: Matt Burke, University of Sheffield | |
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Incidence of means-tested subsidies to housing retrofit: Evidence from France 1: Institut des politiques publiques (Paris School of Economics), France; 2: CREST, France We study the incidence of subsidizing housing retrofits on prices. We leverage cross-sectional and temporal variation in the main policy instrument aimed at fostering housing energy efficiency investment by French households. Two effects combine in a nontrivial way. In a difference-in-difference exercise, we show that a massive pro-poor shift in the targeting of the scheme, which becomes means-tested, translates into higher levels of activity but also higher prices overall, plausibly mediated by labor supply shortages. However, the new means-test also introduces an opportunity for price discrimination in locally rationed markets; as a consequence, poorer households who receive discontinuously higher subsidies actually face lower total price for a given renovation step than richer households. The overall incidence therefore depends on the level of local market power, the extent of price discrimination, and labor market tensions. | |