Equity And Energy

Equity And Energy
Author: Mark N. Cooper
Publisher: Routledge
Total Pages: 245
Release: 2019-03-04
Genre: Political Science
ISBN: 042971713X

Arguing that the energy price policies of the 1970s represented a major equity/efficiency trade-off and led to a dramatic decline in the living standard of lower income Americans, this book presents a comprehensive data-based assessment of the plight of lower income households between 1973 and 1983.

Energy and the Poor

Energy and the Poor
Author: Michigan League for Human Services
Publisher:
Total Pages: 24
Release: 1979
Genre: Energy industries
ISBN:

High Energy Costs

High Energy Costs
Author: Hans H. Landsberg
Publisher: Routledge
Total Pages: 421
Release: 2015-09-25
Genre: Nature
ISBN: 1317310357

The two major concerns in the energy policy debate relate to economic efficiency and whether the price should indicate to each consumer the true cost to the economy of using more energy, and the second is that of economic equity where it is argued that energy is a basic necessity for survival and the government has the responsibility to provide assistance for lower-income families. Originally published in 1982, this volume focuses on the uneven impact of rising energy costs on different income groups, regions, and household locations. This collection of papers helps to fill the knowledge gaps about the amount and distribution of household energy expenditure. The volume is organised with a paper introducing each topic followed by one or two discussants’ remarks further examining the issues at hand. It is a valuable title for students interested in environmental studies and national policy.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
Total Pages: 34
Release: 2021-11-12
Genre: Business & Economics
ISBN: 1616356154

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.