Resource Center

Advanced Search
Technical Papers
Working Papers
Research Memoranda
GTAP-L Mailing List
GTAP FAQs
CGE Books/Articles
Important References
Submit New Resource

GTAP Resources: Resource Display

GTAP Resource #3518

"Distributional Impacts of Carbon Pricing: A General Equilibrium Approach with Micro-Data for Households"
by Rausch, Sebastian, Gilbert Metcalf and John Reilly


Abstract
Many policies to limit greenhouse gas emissions have at their core e orts to put a price on carbon emissions. Carbon pricing impacts households both by raising the cost of carbon intensive products and by reducing factor prices. A complete analysis requires taking both e ects into account. The impact of carbon pricing is determined by heterogeneity in household spending patterns across income groups as well as heterogeneity in factor income patterns across income groups. It is also a ected by precise formulation of the policy (how is the revenue from carbon pricing distributed) as
well as the treatment of other government policies (e.g. the treatment of transfer payments). What is often neglected in analyses of policy is the heterogeneity of impacts across households even within income or regional groups. In this paper, we incorporate 15,588 households from the U.S. Consumer and Expenditure Survey data as individual agents in a comparative-static general equilibrium framework. These households are represented within the MIT USREP model, a detailed general equilibrium model of the U.S. economy. In particular, we categorize households by full household income (factor income as well as transfer income) and apply various measures of lifetime income to distinguish
households that are temporarily low-income (e.g., retired households drawing down their financial assets) from permanently low-income households. We also provide more detailed within-group distributional measures of burden impacts from various policy scenarios.


Resource Details (Export Citation) GTAP Keywords
Category: 2011 Conference Paper
Status: Published
By/In: Presented at the 14th Annual Conference on Global Economic Analysis, Venice, Italy
Date: 2011
Version:
Created: Rausch, S. (4/11/2011)
Updated: Rausch, S. (4/11/2011)
Visits: 2,766
- Climate change policy
- Calibration and parameter estimation
- North America


Attachments
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.


Public Access
  File format 2011 Conference Paper  (1.2 MB)   Replicated: 0 time(s)


Restricted Access
No documents have been attached.


Special Instructions
No instructions have been specified.


Comments (0 posted)
You must log in before entering comments.

No comments have been posted.