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A Short-Run Distributional Analysis of a Carbon Tax in the United States

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dc.contributor.authorFremstad, Anders
dc.contributor.authorPaul, Mark
dc.contributor.departmentColorado State University
dc.contributor.departmentDuke University
dc.date2023-09-24T07:56:36.000
dc.date.accessioned2024-04-26T20:00:36Z
dc.date.available2024-04-26T20:00:36Z
dc.date.issued2017-08-01
dc.description.abstractThis paper examines the distributional impacts of a $50 tax per ton of CO2. Using Input-Output tables we calculate the carbon intensity of goods to estimate households’ carbon footprints. Findings indicate the tax is regressive. Using the revenue to reduce taxes on labor leaves 60 percent of people worse off, while rebating the revenue in equal dividends increases welfare for 55 percent of individuals, including 84 percent in the bottom half of the distribution. Many economists have dismissed dividends on efficiency grounds, but we show that potential macroeconomic benefits of tax cuts are insufficient to protect the poor.
dc.identifier.doihttps://doi.org/10.7275/27437187
dc.identifier.urihttps://hdl.handle.net/20.500.14394/40109
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1302&context=peri_workingpapers&unstamped=1
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.source.issue434
dc.source.statuspublished
dc.subjectCarbon Tax
dc.subjectDistribution
dc.subjectTax
dc.subjectEnvironment
dc.subjectClimate Change
dc.subjectGlobal Warming
dc.subjectFossil Fuels
dc.subjectTax-and-Dividend
dc.subjectEconomics
dc.titleA Short-Run Distributional Analysis of a Carbon Tax in the United States
dc.typearticle
dc.typearticle
digcom.contributor.authorFremstad, Anders
digcom.contributor.authorPaul, Mark
digcom.identifierperi_workingpapers/299
digcom.identifier.contextkey27437187
digcom.identifier.submissionpathperi_workingpapers/299
dspace.entity.typePublication
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