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Persistent link: https://www.econbiz.de/10012471119
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10012471531
.1 percent of world population, implying 150 million deaths when applied to current population. Regressions with annual …
Persistent link: https://www.econbiz.de/10012482047
understanding world oil markets …
Persistent link: https://www.econbiz.de/10012462043
Our panel data set on educational attainment has been updated for 146 countries from 1950 to 2010. The data are disaggregated by sex and by 5-year age intervals. We have improved the accuracy of estimation by using information from consistent census data, disaggregated by age group, along with...
Persistent link: https://www.econbiz.de/10012462749
equity premium involves a race between `alpha` and the coefficient of relative risk aversion, `gamma`. A higher `alpha …
Persistent link: https://www.econbiz.de/10012463402
Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieve hard limits on emissions over a control period. The cost of achieving this certainty on emission...
Persistent link: https://www.econbiz.de/10012463525
by at least 10%. The principal world economic crises ranked by importance are World War II, World War I and the Great … Depression, the early 1920s (possibly reflecting the influenza epidemic of 1918-20), and post-World War II events such as the …" coefficient of relative risk aversion of 3.5. This result is robust to a number of perturbations, except for limiting the sample …
Persistent link: https://www.econbiz.de/10012464679
with key asset-pricing observations. If the coefficient of relative risk aversion equals 3-4, the model accords with … observed equity premia and risk-free real interest rates. If the intertemporal elasticity of substitution is greater than one … welfare cost of aggregate consumption uncertainty. In the baseline simulation, the welfare cost of disaster risk is large …
Persistent link: https://www.econbiz.de/10012464956
Questions about current and prior religion adherence from the International Social Survey Program and the World Values …
Persistent link: https://www.econbiz.de/10012464957