The Lifecycle of the 47%
We assess the concentration and duration of zero tax liabilities and of transfer receipts, using datafor households with ten to forty years of observations from the Panel Survey of IncomeDynamics. We...
View ArticleCosts of Energy Efficiency Mandates Can Reverse the Sign of Rebound
Improvements in energy efficiency reduce the cost of consuming services from household cars and appliances and can result in a positive rebound effect that offsets part of the direct energy savings. We...
View ArticleVertical and Horizontal Redistributions from a Carbon Tax and Rebate
Are carbon taxes regressive? To calculate effects of a carbon tax on each family’s expenditures, plus distributional effects of three revenue-recycling mechanisms, we employ the U.S. Treasury...
View ArticleEnvironmental Policy on the Back of an Envelope: A Cobb-Douglas Model is Not...
To clarify and interpret the workings of a large computable general equilibrium (CGE) model of environmental policy in the U.S., we build an aggregated Cobb-Douglas (CD) model that can be solved easily...
View ArticleEnvironmental Economics: The 50th Anniversary of the Birth of this Field...
How was the birth of “Environmental Economics” related to the first Earth Day fifty years ago (April 22, 1970)? This short note introduces some ideas about an amazing burst of intellectual activity...
View ArticleDo Market Failures Create a ‘Durability Gap’ in the Circular Economy?
Circular Economy literature recommends longer lasting products, in order to reduce pollution from extraction, production, and disposal. Our economic analysis finds conditions where consumers choose...
View ArticleNet Burdens of Carbon Policy Vary within Each Income Group — and within Each...
Most studies of the distributional effects of climate policy are about the “vertical” distribution of burdens up and down the income scale, especially comparing low- and high-income households within...
View ArticleWhat Determines Effectiveness of Renewable Energy Standards? General...
Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation,...
View ArticleIntroducing the Circular Economy to Economists
A circular economy (CE) would reduce both extraction and disposal by encouraging green design and circular business models, as well as repair, reuse, remanufacturing, and recycling. The CE started...
View ArticleWhen and How to Use Economy-Wide Models for Environmental Policy Analysis
We describe the factors researchers should consider in deciding when and how to use computational general equilibrium (CGE) models for environmental policy analysis instead of partial equilibrium or...
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