Taking Iran as a case study, we analyze the effects of eliminating crude oil and fuel subsidies on the labour market … second directs revenue into increased investment. We investigate immediate versus gradual subsidy removal, focusing on the … Accounting Matrix of Iran. It is shown that rebating the extra revenue to households would adversely affect the labour market …

We examine the macroeconomic and household welfare consequences of oil sanctions in Iran. We use social accounting … of oil from Iran to the rest of the world is banned. Our main results show that higher income households are losing more … sanction crisis. In addition, labor income increases while the capital income falls in response to oil sanctions in Iran. These …