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Deficits and Intergenerational Welfare in Open Economies

Persson, Torsten - 1983

welfare redistributions caused by an increase in the public debt triggered by a period of government budget deficit, and shows …

Persistent link: https://www.econbiz.de/10012478020

Pareto-Improving Carbon-Risk Taxation

Kotlikoff, Laurence J. - 2020

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

Consumption Taxes and Economic Efficiency in a Stochastic OLG Economy

Nishiyama, Shinichi - 2003

Fundamental tax reform is examined in a heterogeneous overlapping-generations (OLG) model in which agents face idiosyncratic earnings shocks and uncertain life spans. Following Auerbach and Kotlikoff (1987), a Lump-Sum Redistribution Authority is used to rigorously examine efficiency gains over...

Persistent link: https://www.econbiz.de/10012469211

Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting

Weitzman, Martin L. - 2016

In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among … the following four fundamental economic concepts: (1) "wealth"; (2) "income"; (3) "sustainability"; (4) "accounting …-fold quantitative relationship in an ultra-simplified setting. I identify some basic applications of this simplified economic theory of …

Persistent link: https://www.econbiz.de/10012456614

Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?

Fullerton, Don - 1999

A tax on vehicle emissions can efficiently induce all of the cheapest forms of abatement. Consumers could drive less, buy a smaller car with better gas mileage, use cleaner gasoline, and repair pollution control equipment (PCE). However, the technology is not yet available to measure and tax...

Persistent link: https://www.econbiz.de/10012471742

Environmental Taxation and the "Double Dividend : " A Reader's Guide

Goulder, Lawrence H. - 1994

In recent years there has been great interest in the possibility of substituting environmentally motivated or 'green' taxes for ordinary income taxes. Some have suggested that such revenue-neutral reforms might offer a 'double dividend:' not only (1) improve the environment but also (2) reduce...

Persistent link: https://www.econbiz.de/10012474011

Tax Reform and Environmental Taxation

Metcalf, Gilbert E. - 2005

I measure the industry impacts of an environmental tax reform where a carbon tax is used to finance full or partial corporate tax integration. I find that the industry impacts of such a reform are likely to be modest (in the sense of impacts on returns on equity)

Persistent link: https://www.econbiz.de/10012467011

Green Tax Reform and Competitiveness

Koskela, Erkki - 1999

-neutral green tax reform that substitutes energy for wage taxes. A moderate green tax reform will boost employment, improve welfare … production. The resulting reduction in unemployment is welfare increasing since energy, which the country has to buy at its true …

Persistent link: https://www.econbiz.de/10012471885

A Distributional Analysis of an Environmental Tax Shift

Metcalf, Gilbert E. - 1998

I use data from the 1994 Consumer Expenditure Survey as well as other sources to measure the distributional impact of green tax reforms and consumption tax reforms using both annual income and lifetime income approaches to rank households. A modest tax reform in which environmental taxes equal...

Persistent link: https://www.econbiz.de/10012472262

Pareto Improving Social Security Reform when Financial Markets are Incomplete?

Krueger, Dirk - 2003

This paper studies an Overlapping Generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system can lead to a Pareto improvement. When returns to capital and wages are imperfectly correlated, the consumption variance...

Persistent link: https://www.econbiz.de/10012469293

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