Replication data for: The Demand for Energy-Using Assets among the World's Rising Middle Classes

Orie Shelef, Paul J. Gertler, Alan Fuchs & Catherine D. Wolfram
We study household decisions to acquire energy-using assets in the presence of rising incomes. We develop a theoretical framework to characterize the effect of income growth on asset purchases when consumers face credit constraints. We use large and plausibly exogenous shocks to household income generated by the conditional-cash-transfer program in Mexico, Oportunidades, to show that asset acquisition is nonlinear, depends, as predicted in the presence of credit constraints, on the pace of income growth, and...
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