| Description |
1 online resource (26, A-16 pages) : illustrations |
| Series |
Discussion paper series, 0265-8003 ; no. 15419 Macroeconomics and growth |
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Discussion paper (Centre for Economic Policy Research (Great Britain)) ; no. 15419.
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| Summary |
We evaluate the aggregate and distributional effects of climate change mitigation policies using a multi-sector equilibrium model with intersectoral input-output linkages and worker heterogeneity calibrated to different countries. The introduction of carbon taxes leads to changes in relative prices and inputs reallocation, including labor. For the United States, reaching its Paris Agreement pledge would imply at most a 0.6% drop in output. This impact is distributed asymmetrically across sectors and individuals. Workers with a comparative advantage in dirty energy sectors who do not reallocate bear relatively more of the cost but constitute a small fraction of the labor force |
| Notes |
"Published 01 November 2020" |
|
"Submitted 29 October 2020" |
| Bibliography |
Includes bibliographical references (pages 24-26) |
| Notes |
Description based on online resource; title from http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=15419 viewed January 26, 2022 |
| Subject |
Climate change mitigation -- Economic aspects -- Econometric models
|
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Carbon taxes -- Economic aspects -- Econometric models
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Labor mobility -- Economic aspects -- Econometric models
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| Form |
Electronic book
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| Author |
Hasna, Zeina, author
|
|
Santos, Cezar (Economist), author.
|
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Centre for Economic Policy Research (Great Britain), publisher.
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