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migration, reduces climate change, increases North-South inequality if DRTS are significant; (v) a greener technology reduces … long-run migration, provides a double- dividend in favor of the environment, reduces inequality if the migrants' impact to … overall climate change is large. The preference over the policies thus depends on whether the policy maker targets inequality …
Persistent link: https://www.econbiz.de/10008793579
This paper analyses the distributional effects of alternative scenarios of carbon taxes on car fuels using disaggregated French panel data from 2003 to 2006. It incorporates household price responsiveness that differs across income groups into a consumer surplus measure of tax burden. Carbon...
Persistent link: https://www.econbiz.de/10008793313
We explore the existence of endogenous fluctuations with a rational bubble and the stabilizing role of fiscal and monetary policies. Consumers' credit constraints, the role of collateral and a portfolio choice are the key ingredients of our analysis. We consider an overlapping generations model...
Persistent link: https://www.econbiz.de/10010933884
The standard economic view of the personal income tax is that it is a distortionary way of raising revenue which nonetheless has value because it tends to increase equality. However, when wages deviate from marginal product, the laissez-faire equilibrium is inefficient, and there can be an...
Persistent link: https://www.econbiz.de/10010933907
The aim of this paper is to study the role of progressive tax rules on the allocations of steady state and the stability properties in a Ramsey economy with heterogeneous households and borrowing constraints. Since labor supply in elastic, considering different tax rates on capital and labor...
Persistent link: https://www.econbiz.de/10010738624
The agreement recently signed between Morocco and the United States foresees several modalities in dismantling tariffs. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the rate of growth and the sectoral trade balance of these...
Persistent link: https://www.econbiz.de/10008789047
The agreement recently signed between Morocco and the United States foresees several modalities in dismantling tariffs. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the rate of growth and the sectoral trade balance of these...
Persistent link: https://www.econbiz.de/10008790791
This paper analyzes the environmental tax policy issues when labor is heterogeneous. The objective is to assess whether an environmental tax policy could be Pareto improving, when the revenue of the pollution tax is recycled by a change in the labor tax properties. We show that, depending on the...
Persistent link: https://www.econbiz.de/10010603929
This paper analyzes the double dividend issues within the framework of overlapping generations models. We characterize the necessary conditions for obtaining a double dividend, i.e. an improvement of environmental and non-environmental welfare when the revenue from the pollution tax is recycled...
Persistent link: https://www.econbiz.de/10010750481
Most studies on the green tax reform issue point out that environmental taxes exacerbate pre-existing tax distortions, thereby increasing the welfare costs associated with the overall tax code. As a result, the optimal environmental tax should lie below the Pigovian level (or marginal social...
Persistent link: https://www.econbiz.de/10010750625