Formative experiences shape behavior for decades. We document a striking feature about
those who came of driving age during the oil crises of the 1970s—they drive less in the year …

The dynamics of demand for energy goods such as gasoline are complicated by investment
decisions and behavioral habits. Both types of complication can be captured by a habits …

When gasoline prices rise, people notice: the news is filled with reports of pinched
household budgets and politicians feeling pressure to do something to ameliorate the …

When gasoline prices rise, it makes the news. Reporters mob gas stations to ask drivers how
they are dealing with the higher prices. Many drivers say,“What can I do? I have to drive.” …

Americans are driving less. The changes are most pronounced among Millennials, those
born in the 1980s and 1990s. Much ink has been spilled debating whether these changes in …

How US motorists might switch from gasoline to an alternative energy source is not known,
since the availability of alternatives is currently very limited. To bridge this gap, we exploit …

Consumer vehicle choice reflects both the anticipated price of gasoline and anticipated
driving. I develop a model of vehicle choice and utilization to explore the importance of …

This paper studies whether individual consumption patterns can be traced to prior lifetime
experiences of macroeconomic conditions. Does the extended experience of economic …

This longitudinal study provides new evidence on household response to gasoline price
increases from 1973 to 1979. Household members of a consumer panel exhibited adaptive …

This article explores a number of facets of a household's evaluation of future stress
situations and the socioeconomic and locational constraints that may be involved in this …