Formative Experiences and the Price of Gasoline

A-Tier
Journal: American Economic Journal: Applied Economics
Year: 2022
Volume: 14
Issue: 2
Pages: 256-84

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 2000. The effect is not specific to these cohorts; price variation over time and across states indicates that gasoline price changes between ages 15–18 generally shift later-life travel behavior. Effects are not explained by recessions, income, or costly skill acquisition and are inconsistent with recency bias, mental plasticity, and standard habit-formation models. Instead, they likely reflect formation of preferences for driving or persistent changes in its perceived cost.

Technical Details

RePEc Handle
repec:aea:aejapp:v:14:y:2022:i:2:p:256-84
Journal Field
General
Author Count
2
Added to Database
2026-01-29