Less Light
12/20/2013 | | 40w, 60w bulbs, CFL, Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, compact fluorescent light bulbs, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, household incomes, housing sales, incandescent bulbs, mortgage banking, politics and economics
The Friday File: While switching to compact fluorescent light bulbs saves households $150/year, three-tenths-of-one-percent of household income, that so few have switched suggests that households don’t like these bulbs or are ignorant of the savings. Rather than banning the sale of 60W and 40W incandescents beginning 1/1/14, convince us to voluntarily buy them! Otherwise, any savings must be reduced by the rise in household unhappiness from the loss of choice.