全球智库信息集成服务系统(G2TT): Environmental Policy, Full-Employment Models, and Employment: A Critical Analysis

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24505
来源ID	Working Paper 24505
	Environmental Policy, Full-Employment Models, and Employment: A Critical Analysis
	Marc A. C. Hafstead; Roberton C. Williams III; Yunguang Chen
发表日期	2018-04-16
出版年	2018
语种	英语
摘要	This paper assesses the use of full-employment computable-general equilibrium (CGE) models to predict the labor-market effects of environmental policy. Specifically, it compares the predictions of a standard full-employment CGE model with those of a new search-CGE model with labor-search frictions and resulting unemployment (but that is otherwise identical to the full-employment model). The search-CGE captures key labor market details, including a distinction between the extensive margin of labor demand (the number of employees) and the intensive margin (the number of hours each employee works). We find that some key results are robust across the two models, such as the reallocation of labor across sectors in response to a carbon tax and the overall change in total labor demand. However, the full-employment model seriously overestimates the economy-wide net change in the number of jobs (by a factor of more than 2.5 for a carbon tax with revenues returned lump-sum to households, and by a factor of almost 3.5 when carbon tax revenues are used to reduce payroll taxes).
主题	Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation ; Labor Economics ; Unemployment and Immigration ; Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w24505
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/582179
推荐引用方式 GB/T 7714	Marc A. C. Hafstead,Roberton C. Williams III,Yunguang Chen. Environmental Policy, Full-Employment Models, and Employment: A Critical Analysis. 2018.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w24505.pdf（1179KB）	智库出版物		限制开放	CC BY-NC-SA	浏览