We modify a method recently suggested by Martin Weitzman (2012) for determining a risk-adjusted social discount rate (SDR) term structure consistent with both the (augmented) Ramsey rule and the consumption-based CAPM. Using this approach we estimate SDR for transportation infrastructure...

This paper compares the value per statistical life (VSL) in the context of suicide prevention to that of prevention of traffic fatalities. We conducted a contingent valuation survey with questions on willingness to pay (WTP) in both contexts by administering a web questionnaire to 1038...

Recycling activities remain at a nascent stage in the country. While the environmental benefits of recycling are well-established, there are several macroeconomic benefits like employment creation. There is an essential need to focus on waste management policies and measures that can aid an...

Sweden has obligatory sickness and disability insurance which is both financed (from payroll taxes) and administrated by the government. In order to receive sickness benefits, insured individuals must have certificates issued by a medical doctor. Since health care is administrated at the county...

This paper evaluates the historical influence of energy prices on a series of measures of environmental and economic performance for a panel of French manufacturing establishments over the period 1997-2010. The focus on energy prices is motivated by the fact that changes in environmental and...

Green preferences are often regarded as crucial factors in facilitating the energy transition. However, it is unclear if they can alone propel an economy towards achieving a net-zero emissions outcome. In this study, we expand the multi-agent integrated assessment model MATRIX by incorporating...

Notwithstanding increasing policy and academic debate around the 'twin' digital and ecological transitions, there is no systematic assessment of their linkages, potential synergies and trade-offs. Most fundamentally, the full extent of challenges that their interaction poses for the prospects of...

We analyze the quantitative labor market and aggregate effects of a carbon tax in a framework with pollution externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of adjustment influenced by carbon taxes: firm creation and green...

Indoor air pollution in Indian households due to traditional biomass burning is a significant health burden. Clean fuels, such as liquified petroleum gas (LPG), offer sustainable alternatives. Over the years, the LPG adoption rate in India has increased; however, it is not enough to meet the UN...

This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross-country investments. To avoid carbon leakage, the scheme allocates a number of free allowances to firms at risk of relocating investments in areas outside the EU ETS. To study this problem,...