Arguing that the energy price policies of the 1970s represented a major equity/efficiency trade-off and led to a dramatic decline in the living standard of lower income Americans, this book presents a comprehensive data-based assessment of the plight of lower income households between 1973 and 1983.
1. Introduction: A Decade of Despair Part 1: Basic Issues 2. The Social Question 3. The Macroeconomic Background Part 2: Household Impacts 4. Energy Consumption in the Home 5. Gasoline Consumption and Expenditures 6. The Loss of Purchasing Power Suffered by Lower Income Households Part 3: Rising Energy Prices and the Lower Income Rental Housing Market 7. The Crisis in the Rental Housing Market and the Role of Energy Prices 8. An Assessment of the Impact of Rising Energy Prices on the Low Income Rental Housing Market Part 4: Rising Energy Prices and the Delivery of Public Services 9. Public Services and the Lower Income Population 10. The Impact of Rising Energy Prices on the Delivery of Public Services 11. The End of the Decade