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Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...
Persistent link: https://www.econbiz.de/10012479729
This paper estimates an augmented measure of national output inclusive of environmental pollution damage in the United … States economy over a 60-year period. The paper reports two primary findings. First, air pollution intensity declined … precipitously from the 1950s to the modern era. Air pollution damage comprised roughly 30 percent of output in the post WWII economy …
Persistent link: https://www.econbiz.de/10012479859
Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...
Persistent link: https://www.econbiz.de/10012481877
This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...
Persistent link: https://www.econbiz.de/10012462171
This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...
Persistent link: https://www.econbiz.de/10012462388
A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...
Persistent link: https://www.econbiz.de/10012462520
measures of air pollution such as SO2 concentrations. Perceptions that WTO panel rulings have interfered with the ability of …
Persistent link: https://www.econbiz.de/10012468604
between income level and pollution). The new specification enables us to draw conclusions from fixed effects estimation. In …
Persistent link: https://www.econbiz.de/10012470730
empirical investigations. We apply our framework to findings related to the economic impact of air pollution, deforestation, and …
Persistent link: https://www.econbiz.de/10012453831
Using a unique dataset linking preschool blood lead levels (BLLs), birth, school, and detention data for 120,000 children born 1990-2004 in Rhode Island, we estimate the impact of lead on behavior: school suspensions and juvenile detention. We develop two instrumental variables approaches to...
Persistent link: https://www.econbiz.de/10012455289