Albert, Max; Meckl, Jürgen - In: Journal of Institutional and Theoretical Economics (JITE) 157 (2001) 2, pp. 265-265
The double-dividend argument (as used in political debates) addresses worries that a green tax may lead to higher unemployment when wages are inflexible. As protection against this possibility, it is proposed to use the green-tax proceeds to reduce the total tax burden of labor. Ideally, this...