The 2003 European Performance of Buildings Directive mandated all EU member states to enforce disclosure on the energy performance of residential and commercial properties. This is the first paper to analyse the introduction, adoption and market implications of energy labels (EPCs) in the...

This paper analyzes how financial literacy and reported willingness to take financial risk impact a household's choice of mortgage type. The results show that households reporting higher financial literacy and lower risk aversion are 55 to 97 percent more likely to opt for interest-only...

This paper analyzes how financial literacy and reported willingness to take financial risk impact a household's choice of mortgage type. The results show that households reporting higher financial literacy and lower risk aversion are 55 to 97 percent more likely to opt for interest-only...