We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …

We review recent research linking international trade to the environment, with a focus on new results and methods. The …-style approach to trade and the environment, its full potential has not yet been exploited. We discuss existing empirical and …

wisdom, in general equilibrium, migration lowers the bottom tax rate but raises the top tax rate, making the optimal tax …

replacement incomes implies migration into unemployment. Defending wages with replacement incomes brings about first …-order efficiency losses that outweigh the budget cost to the government. By contrast, wage subsidies involve much smaller welfare …) exclusion of migrants from a national subsidy program makes it possible to avoid a distortion of the migration pattern. …

An important issue in public policy debates is the effect of international migration on welfare in source and host … analysis examines the effects of permanent migration on class, and national welfare. We show, among other things, that marginal …

productivity shifts arising from migration-induced knowledge diffusion and increased workforce diversity. While we find evidence …

broader economy, the electricity sector, and for CO2 emissions. We show analytically how the welfare impacts for a phaseout … welfare effects across EU member states. For Germany, coal phaseout combined with unilateral cancellation of allowances is … found to be welfare-improving if the German citizens value emissions reductions at 65 Euro per ton or more. …

Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through … general equilibrium (CGE) model calibrated to empirical data, we quantify the welfare gains for the EU to impose such a … goods entitled to OBA. The consumption tax increases welfare whether the goods are highly exposed to leakage or not, and can …

pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could …