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The Determinants of Attitudes toward Nuclear Power Plant : The Effects of Earthquake Experience and the Reduction in Electricity Charges
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원전 유치에 대한 태도의 결정요인: 지진 경험의 영향 및 전기요금 감면 효과

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Type
Academic journal
Author
Kim, Jee Young (연세대학교 경제학과) Oh, Hyungna (경희대학교 국제대학 국제학과)
Journal
한국자원경제학회 자원·환경경제연구 자원·환경경제연구 제27권 제1호
Published
2018.1
Pages
139 - 160 (22page)

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The Determinants of Attitudes toward Nuclear Power Plant : The Effects of Earthquake Experience and the Reduction in Electricity Charges
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Using survey data of selected 1,349 individuals nationwide in Korea, we measure the influencing factors for the acceptance of nuclear power and estimates the probability of acceptance under several scenarios with different percentages of monetary compensation. Results of panel probit demonstrate that nuclear risk aversion tendency was found to be higher in case of female, younger age, past experience of extreme event such as an earthquake. However, the residents' residency nearby the nuclear power plant was not related to the risk-aversion tendency. In addition, we found that the nuclear acceptance is improved when the monetary compensation rate is increased. Although the policy demand intended to reduce GHG emissions in South Korea, the expansion of nuclear power is not be easy due to the occurrence of recent strong earthquakes because the risk attitude of an individual is influenced by subjective assessments formed through direct and indirect experiences of natural disasters such as an earthquake. Our results suggest that the opposition to construction of nuclear power plant is expected to be further intensified especially when combined with the experiences of threatening earthquakes. As a result, the debate and policy conflicts of nuclear power plants will consistently continue and large social costs are apparent for the acceptance of nuclear power plant.

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