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Speaker:
Jan Steckel, Head of working group Climate and Development, MCC
We study the impact of the 2022-2023 energy crisis in Germany on political attitudes. We collect 4 waves of panel data to measure how political stances change with increasing energy prices for households. Our difference-in-differences estimation exploits unique features of the German energy sector’s billing routines, which allows for a quasi-experimental design. We show that increases in electricity payments lead to a decline in support for democratic institutions, with effects intensifying over time. We also find that the price shock increased support for the far-right populist party among people who have little trust in the responsible use of public money.
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ORGANIZZATO DA:
AdJUST project, CMCC
This webinar is part of ADJUST (Advancing the understanding of challenges, policy options and measures to achieve a JUST EU energy transition) a project funded by the European Union’s Horizon Europe research and innovation programme under grant agreement No 101069880.