Today, in England, millions of voters make a choice in their #LocalElections2023. It’s a good time to share some new research that is related to two policy issues that will have touched many people over the last year: the #energycrisis & #crime.
📰 buff.ly/3Vys0w7
🧵⬇️ Image
In a nutshell, the paper shows that much of the widely reported surge in burglaries & anti-social behaviour could have been avoided, had the government provided more targeted energy price subsidies or had UK invested more in making homes more energy efficient. Last summer, ... ImageImageImageImage
I modelled the impact of the energy price shock down to the property level for millions of homes. More #energyinefficient homes would see a bigger increase. Part of this work was reported in @FT as an interactive story ig.ft.com/uk-energy-effi…. This set up a framework to study... Image
Whether socio-economic outcomes for people and places more affected owing to the poor energy efficiency would experience different impacts. The choice to make the #EnergyPriceGuarantee not targeted matters here a fair bit. I wrote about that here:
Originally I wanted to study data on #foodbank use, health outcomes, in addition to crime to test whether, due to the energy bill support being untargeted, deprivation increases. I did not (yet) get data on the first two. But crime data is now available until March 2023. So...
What do the data say? Well, in places that were predicted to be more exposed to the energy price shock - despite the #EnergyPriceGuarantee - we see pronounced increases in burglaries and anti-social behavior. This finding is very robust to many ways of looking at the data. Now... ImageImage
If we take the estimates at face value: the EPG mediated energy price shock is responsible for a 18% increase in anti-social behaviour; & a 7% increase in burglaries. This is better than what would have happened had the govt not intervened. But the govt could have done better... Image
A Two-Tier tariff that would have seen 12 million households better off and not cost more while at least halving the impact on crime. And, if the housing stock had been more energy efficient, the estimates suggest we could have avoided an increase in crime altogether.
With @ben_moll, @jagjit_chadha and @AdrianPabst1 we discussed many policy alternatives at a @NIESRorg event last year. The Treasury announced a more targeted social tariff for quite some time, but not much has happened. Policy choices can make a difference and #ClimateAction...
may offer much more indirect societal benefits such as improved #Resilience and less #crime. But for that, politicians need to make the right policy choices and the public sector needs to have the resources and mandate to be able to deliver. This is part of a wider agenda...
you can follow this research here at @fetzert or on the other elephant site. Or on trfetzer.com/climate-crisis… which will be revamped in the coming weeks.

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More from @fetzert

Mar 4
Let me take you through the journey of writing this research paper that documents that #EatOutToHelpOut was causing more #COVID19 infections at a time when a vaccine was in sight.

I usually dont do this because as an academic, the politics should be
"irrelevant" to me. The timing of all of this #whatsappleak is dubious. My interpretation as a "citizen" (in quotes because of #Brexit I cant become British without giving up my German nationality), is that this is an attempt to attack PM Sunak who found a #Brexit compromise
on Northern Ireland with EU. My comments are much more around the process of how as a society we are handling data/evidence/research. And we need to develop a more healthy relationship with research and evidence and "empower the experts". After we had a decade of ...
Read 29 tweets
Mar 4
And yes... Eat-out-to-help-out was being defended. But on what grounds? What was the welfare analysis behind it? Who were the experts consulted? What was their incentive structure? I must admit, I did feel attacked for doing what I think I should as an academic: research. #EOTHO
@jdportes @peterjukes @BylineTimes @guardian In all of this we have to question why this stuff is coming out now. I am just observing but it does seem to me the WhatsApp messages are being used to dismantle the competition and the EOTHO story is being "buried" with Johnsons' party stories dominating. Its super interesting
@jdportes @peterjukes @BylineTimes @guardian as there could have been a "cooperative" equilibrium of "silence". But that was not enforceable. And so its a "free for all" that will damage the public trust even further. All of this is eroding state capacity. After it has been hollowed out by #austerity. I have a few thoughts
Read 7 tweets
Nov 16, 2022
After 5 months of intense work the @FT published this piece that involved a ton of hands-on work. Check it out ➡️ ig.ft.com/uk-energy-effi…. It looks sleek but I do want to raise a few further points that I think could be discussed differently
#EnergyCrisis #EnergyBills #energy ImageImageImage
Point 1: We provided bill estimates under multiple price scenarios. Treating the #EnergyPriceGuarantee as the "price" I find problematic. The EPG implies a #EnergySubsidy benefitting mostly the well off that we all need to fund through #austerity and/or higher #taxation. So this
does not represent the full economic cost. It also ignores carbon prices which we all need should be MUCH higher. Using estimates based on the Oct 2022 Ofgem price cap ~ £3500 per year which is inline with predictions for most of 2023 (see forecasts from @CornwallInsight). Image
Read 15 tweets
Oct 17, 2022
So, @Jeremy_Hunt now did a full and welcome u-turn on the #minibudget2022. And they are starting to tackle another policy that needs fixing, the #EnergyPriceguarantee #EPG. Why should this happen? This is a story that can ultimately be summarised in these two pictures.... 1/..
On the left, we have a classic end-terrace house. On the right, well, you have a mansion. The big difference: energy consumption. The left needs around 15,000 kWh per year, the right one, at least 70,000 kWh. How does this compare to the average UK household? Well: 2/..
The graph highlights one thing: energy consumption is strongly increasing in household income. But even in the highest income group there is huge variation. 50% of households even in top income group consume less than half as much energy than the top 5% in this group. 3/..
Read 11 tweets
Sep 27, 2022
I start sounding like a broken record. The issue of UK is not primarily due to a high level of taxation but due to poor use of public money & the poor quality public goods bought in return. I have documented this across numerous pieces of careful research... here is a short 🧵⬇️
Exhibit 1: Most of austerity was a drag on growth. In "Did #Austerity Cause #Brexit?" I show that austerity itself was contractionary and the tax that could have been collected on higher incomes without austerity would have easily saved as much as austerity was projected to save.
Exhibit 2: Housing benefit cuts (FYI: these benefits are only so expensive as the UK's economic model is build on housing shortage)... but there weren't much savings as councils had to deal with the fallout: higher homeless prevention spending and putting up people in privately
Read 8 tweets
Jan 25, 2022
Does #COVID19 crowd out care for non COVID patients in the #NHS? Has this led to a loss of lives? Are the numbers negligible? The short answers are: yes, yes & no!
Paper ➡️ bit.ly/33XMyHB & a long🧵on how we capture non COVID19 excess deaths & much more ⬇️ 1/n
Lets start with a headline result: we estimate that for every 30 #COVID deaths there is at least one avoidable non COVID excess death in 🏴󠁧󠁢󠁥󠁮󠁧󠁿 hospitals. To arrive at this we use cool #NHS data which makes for a great #EconTwitter #econometrics #DataScience teaching example. 2/n
The #NHS has population individual level hospital episode data (HES) linked to death certificates. For each admitted patient, they predict P(Death|X). This is an out-of-sample prediction coming from Lasso logistic regression model trained on data from the last 3 years. 3/n
Read 19 tweets

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