A01=Mark N. Cooper
Author_Mark N. Cooper
Average Income
Category=JP
efficiency trade-off
energy policy analysis
energy poverty in the United States
Energy Price Increases
Energy Price Shock
energy price shocks
eq_bestseller
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
equity
equity/efficiency trade-off
equityefficiency trade-off
GNP Deflator
income inequality
income transfer
Indirect Energy Consumption
inflation impact studies
Intergovernmental Revenues
Local Level Services
Local Public Services
low income households
lower income Americans
Lower Income Households
Lower Income Rental
Lower Income Rental Housing
Lower Middle Income Group
Lower Middle Income Households
national economy
Non-lower Income
Non-lower Income Households
Non-recipient Households
Private Sector Rental
Private Sector Rental Market
public service funding
Real GNP
Redistributive Services
rental housing economics
Rental Housing Market
Residential Energy Consumption Survey
Rising Energy Prices
Shelter Costs
Transportation Energy Consumption
Product details
- ISBN 9780367020446
- Weight: 750g
- Dimensions: 152 x 229mm
- Publication Date: 07 Jun 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
Secure
checkout
Fast Shipping
Easy returns
Arguing that the energy price policies of the 1970s represented a major equity/efficiency trade-off and led to a dramatic deterioration in the living standard of lower income households, the authors of this book present a comprehensive data-based assessment of the plight of lower income households during the decade of 1973-1983. After a general review of the recessionary and inflationary impact of rising energy prices on the national economy, they present detailed empirical assessments of three trends adversely affecting lower income households: (1) the rising share of household energy expenditures as a percentage of household income and the failure of income transfer programs to offset losses in purchasing power; (2) the rapid increase in energy-related operating costs in lower income rental housing and the coincident decline in the quality of housing; and (3) the rapid increase in energy-related operating costs of local governments which strained local fiscal resources and led to a cutback in the provision of redistributive services (such as health, education, and welfare) and a shift toward regressive taxes. The authors conclude that damage to the national economy and to the living standards of lower income households remains severe; price trends of the 1980s, they emphasize, represent only slight moderations of earlier trends, while the vulnerability to future energy price shocks has been reduced very little. The need for effective policy responses is even greater now than in the first decade of the energy crisis.
