Six distributional effects of environmental policy
By: Don Fullerton
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16703; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16703.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to factors like labor, capital, and resources, (3) allocation of scarcity rents from a restricted number of permits, (4) distribution of the benefits from improvements in environmental quality, (5) temporary effects during the transition, and (6) capitalization of all those effects into prices of land, corporate stock, or house values.  The note also discusses whether all six effects could be regressive, that is, whether carbon policy could place disproportionate burden on the poor"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/21/2011.

Includes bibliographical references.

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