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| Parry, Ian W.H.; Sigman, Hilary; Walls, Margaret; Williams, Roberton C., III. |
| This paper reviews theoretical and empirical literature on the household distribution of the costs and benefits of pollution control policies, and ways of integrating distributional issues into environmental cost-benefit analysis. Most studies find that policy costs fall disproportionately on poorer groups, though this is less pronounced when lifetime income is used, and policies affect prices of inputs used pervasively across the economy. The policy instrument itself is also critical; freely allocated emission permits may hurt the poor the most, as they transfer income to shareholders via scarcity rents created by higher prices, while emissions taxes offer opportunities for progressive revenue recycling. And although low-income households appear to bear a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Distributional incidence; Emissions taxes; Tradable permits; Environmental benefits; Distributional weights; Environmental Economics and Policy; Q52; Q58; H22. |
| Ano: 2005 |
URL: http://purl.umn.edu/10651 |
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