While Tanzania's greenhouse gas emission levels still seem low by international comparison, the country is rapidly carbonizing, and most households still rely on kerosene, charcoal, and firewood for cooking and lighting. Carbon pricing can be an effective tool to discourage the creation of high...

Over the last two decades, U.S. households have received $47 billion in tax credits for buying heat pumps, solar panels, electric vehicles, and other "clean energy" technologies. Using information from tax returns, we show that these tax credits have gone predominantly to higher-income...

This book focuses on the distributional consequences of the public sector and examines and documents, theoretically and empirically, the effects of government spending and taxation on personal distribution, and includes chapters investigating the relationship between the public sector and...

Prevailing economic theory attributes the 2008 crash and the Great Recession that followed to low interest rates, relaxed borrowing standards, and the housing price bubble. After careful analyses of statistical evidence, however, Matthew Drennan discovered that income inequality was the decisive...

Sparer, Unternehmen, Versicherungen und Staatshaushalt müssen sich auf langfristig niedrige oder sogar Negativzinsen einstellen. Welche Folgen hat die ultralockere Geldpolitik der Europäischen Zentralbank? Drohen in Europa mit niedrigen Zinsen und einer Geldschwemme japanische Verhältnisse?

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view, focusing on economies where society values the well-being of future generations more than private actors. Employing analytical and...

This article considers a Mann-Whitney test of distributional effects in a multivalued treatment. Specifically, we first show that, under the unconfoundedness condition, the counterfactual distributions are weighted averages, with weights satisfying some moment restrictions. We estimate the...

This study addressed the distributional challenges associated with renewable energy development. In the U.S., wind energy has become the most prevalent renewable energy source, offering significant advantages in decarbonization, economic growth, and access to affordable clean energy. However,...

Much of the environmental and resource economics literature dealing with discrete choice models involves the estimation of welfare effects, either in the form of marginal willingness to pay or consumer surplus estimates. Most of these papers assume a linear marginal utility of income, meaning...