全球智库信息集成服务系统(G2TT): Impacts of a Carbon Tax across Us Household Income Groups: What Are the Equity-Efficiency Trade-Offs?

G2TT

来源类型	Journal Article
规范类型	论文
	Impacts of a Carbon Tax across Us Household Income Groups: What Are the Equity-Efficiency Trade-Offs?
	Lawrence H. Goulder; Marc Hafstead; GyuRim Kim; Xianling Long
发表日期	2019-05-21
出版年	2019
语种	英语
摘要	This paper assesses the impacts across US household income groups of carbon taxes of various designs. We consider both the source-side impacts (reflecting how policies affect wage, capital, and transfer incomes) as well as the use-side impacts (reflecting how policies alter the prices of goods and services purchased by households). We apply an integrated general equilibrium framework with extended measures of the source- and use-side impacts that add up to the overall welfare impact. Our results indicate that the distributional impacts depend importantly on the nature of revenue-recycling and the treatment of transfer income. In the absence of targeted compensation to achieve distributional objectives, the use-side impacts tend to be regressive while the source-side impacts are progressive, and the progressive source-side impacts tend to offset fully the regressive use-side impacts. Both impacts are considerably larger when one employs the more comprehensive welfare measures introduced in this study. The efficiency costs of targeted compensation to achieve distributional objectives depend critically on the recycling method and compensation target. These costs are an order of magnitude higher when the remaining revenues after compensation are used for corporate income tax cuts, compared with costs when remaining revenues are used other ways. Efficiency costs also rise dramatically when targeted compensation extends beyond the lowest income quintiles.
主题	Carbon Taxes,Carbon Pricing,Policy Design and Evaluation,Equity in the Energy Transition
URL	https://www.rff.org/publications/journal-articles/impacts-carbon-tax-across-us-household-income-groups-what-are-equity-efficiency-trade-offs/
来源智库	Resources for the Future (United States)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/588195
推荐引用方式 GB/T 7714	Lawrence H. Goulder,Marc Hafstead,GyuRim Kim,et al. Impacts of a Carbon Tax across Us Household Income Groups: What Are the Equity-Efficiency Trade-Offs?. 2019.