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Tuesday, May 19, 2020 | History

2 edition of Does the indexing of government transfers make carbon pricing progressive? found in the catalog.

Does the indexing of government transfers make carbon pricing progressive?

Don Fullerton

Does the indexing of government transfers make carbon pricing progressive?

by Don Fullerton

  • 356 Want to read
  • 15 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementDon Fullerton, Garth Heutel, Gilbert E. Metcalf
SeriesNBER working paper series -- working paper 16768, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16768.
ContributionsHeutel, Garth, Metcalf, Gilbert E., National Bureau of Economic Research
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL24857206M
LC Control Number2011655986

Compensation Associated with Indexing of Government Transfer Payments and Federal Income Taxes Some households would receive automatic increases in government payments if a carbon tax caused the overall price level to rise. 5 • Social Security payments and Supplemental Security Income (SSI) payments are pegged to the. Why Price Carbon? Climate change is one of the greatest global challenges of our time. The Carbon Pricing Leadership Coalition brings together leaders from government, private sector, academia, and civil society to expand the use of carbon pricing policies. Follow the conversation on Twitter: #PriceOnCarbon.

  When implemented in this naively simple way, a carbon tax can be made ‘progressive’ (helping the poorest and taxing the richest). The political right can approve, because the tax is an efficient and market-based way of taxing pollution while left can support it because the impact increases the net household income of poorer homes. Carbon pricing does not mean the size of government has to grow. Carbon pricing can be “revenue neutral”, where revenues are used to finance other tax cuts (BC’s tax was revenue neutral until March ; 85% of revenues are still returned via tax cuts). Governments have choices.

  Fullerton, D, G Heutel, and GE Metcalf (), "Does the Indexing of Government Transfers Make Carbon Pricing Progressive?", NBER Working Paper Goulder, Lawrence H, and Ian WH Parry (), "Instrument Choice in Environmental Policy", Review of Environmental Economics and Policy, 2(2) A Progressive Case for a Carbon Dividend 01 People's Policy Project. 1 • people's policy project Introduction S price on carbon emissions, either through a carbon tax or a carbon cap, would be the fuels under the tax the government would only need to .


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Does the indexing of government transfers make carbon pricing progressive? by Don Fullerton Download PDF EPUB FB2

In addition, either partial or full indexing of transfers is progressive. Thus, an analysis that ignores current indexing rules will overestimate the regressivity of carbon pricing. Indexing has a more striking impact when households are ranked by annual by: partial or full indexing of transfers is progressive.

Thus, an analysis that ignores current indexing rules will overestimate the regressivity of carbon pricing. Indexing has a more striking impact when households are ranked by annual expenditures.

Regressivity on the uses side is offset by progressivity. Does the Indexing of Government Transfers Make Carbon Pricing Progressive.

American Journal of Agricultural Economics, 94(2), is available online at: doi: /ajae/aarCited by: full indexing of transfers is progressive. Thus, an analysis that ignores current indexing rules will overestimate the regressivity of carbon pricing.

Indexing has a more striking impact when households are ranked by annual expenditures. Regressivity on the uses side is offset by progressivity Cited by: BibTeX @INPROCEEDINGS{Fullerton12doesthe, author = {Don Fullerton and Garth Heutel and Gilbert and E.

Metcalf}, title = {Does the Indexing of Government Transfers Make Carbon Pricing Progressive. American Journal of Agricultural Economics: 94(2}, booktitle = {Tax Incidence. In Handbook of Public Economics, 1st}, year = {}, pages = {}, publisher = {Institution Press}}.

We show results with no indexing, percent indexing, and partial indexing based on our analysis of actual transfer programs. When households are classified by annual income, the indexing of U.S. transfers is not enough to offset the regressive uses side, but when they are classified by annual expenditures as a proxy for permanent income, transfer indexing does offset regressivity across the.

Does the Indexing of Government Transfers Make Carbon Pricing Progressive. Article in American Journal of Agricultural Economics 94(2) January with 15 Reads How we measure 'reads'. Does the Indexing of Government Transfers Make Carbon Pricing Progressive.

By Don Fullerton, Garth Heutel and Gilbert Metcalf. Get PDF ( KB) Abstract. We analyze both the uses side and the sources side incidence of domestic climate policy using an analytical general equilibrium model, taking into account the degree of government program. The IMF found that the average global price is a paltry $2 per ton of carbon dioxide, while the world requires a $per-ton global carbon tax by to.

the lowest and highest income groups. In addition, either partial or full indexing of transfers is progressive. Thus, an analysis that ignores current indexing rules will overestimate the regressivity of carbon by: • Carbon pricing revenues present opportunities to address unique challenges of carbon pricing and achieve economic and environmental gains.

• Revenues can be used to support investments to combat climate change, reduce distortionary taxes, address fairness and competiveness concerns, or drive government spending on public priorities. full indexing of transfers is progressive. Thus, an analysis that ignores current indexing rules will overestimate the regressivity of carbon pricing.

Indexing has a more striking impact when householdsarerankedbyannualexpenditures. Regressivity on the uses side is offset by pro-gressivity in transfer program indexing; the.

Published: Don Fullerton & Garth Heutel & Gilbert E. Metcalf, "Does the Indexing of Government Transfers Make Carbon Pricing Progressive?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages citation courtesy of. Does the Indexing of Government Transfers Make Carbon Pricing Progressive.

Don Fullerton (), Garth Heutel and Gilbert Metcalf (). American Journal of Agricultural Economics,vol. 94, issue 2, Date: References: Add references at CitEc Citations: View citations in EconPapers (16) Track citations by RSS feed Downloads: (external link)Cited by: form when households must consume carbon-intensive goods above a subsistence level.

The reform is progressive if revenues are recycled as uniform lump-sum transfers, in other cases it is regressive. JEL classification: D30, D60, E62, H22, H23 Keywords: Carbon tax reform, distribution, revenue recycling, inequality, non-homothetic preferences. Does the indexing of government transfers make carbon pricing progressive.

Authors: taking into account the degree of government program indexing. When transfer programs such as Social Security are explicitly indexed to inflation, higher energy prices automatically lead to cost-of-living adjustments for recipients. but when they are Cited by: Does the Indexing of Government Transfers Make Carbon Pricing Progressive.

() Cached. Download Links Does the Indexing of Government Transfers Make Carbon Pricing Progressive?}, year = {}} Share. OpenURL. Abstract. Dan Karney, and Wallace Tyner.

Any views expressed are those of the authors and not those of the. “State and Trends of Carbon Pricing ” State and Trends of Carbon Pricing (June), World Bank, Washington, DC. Doi: / License: Creative Commons Attribution CC BY IGO Translations—If you create a translation of this work, please add the following disclaimer along with the.

income tax cuts make the reform regressive and that this is due only to subsistence consumption. By contrast, returning the revenue as uni-form lump-sum transfers renders the carbon tax reform progressive.

JEL classification: D3, D60, E62, H22, H23 Keywords: carbon tax reform, distribution, revenue recycling, inequality, non-homothetic preferences. Get this from a library. Does the indexing of government transfers make carbon pricing progressive?. [Don Fullerton; Garth Heutel; Gilbert E Metcalf; National Bureau of Economic Research.] -- We analyze both the uses side and the sources side incidence of domestic climate policy using an analytical general equilibrium model, taking into account the degree of government program indexing.

A key aspect of carbon pricing is the “polluter pays” principle. By putting a price on carbon, society can hold emitters responsible for the serious costs of adding GHG emissions to the atmosphere; these costs include polluted air, warming temperatures, and various attendants ills (threats to public health and to food and water supplies, increased risk of certain dangerous weather events).The changes in factor prices contribute to the progressivity of the carbon taxes, while the changes in commodity prices tend to make these taxes regressive.

The final impact is an empirical matter that depends on the relative strength of the impact of each component; carbon taxes could be progressive, regressive or neutral.Carbon pricing initiatives implemented or scheduled for implementation, with sectoral coverage and GHG emissions covered Key carbon pricing developments in the Canadian provinces and territories Currency conversion rates, as of April 1, Carbon pricing .