Topic
Efficiency dividend
About: Efficiency dividend is a research topic. Over the lifetime, 21 publications have been published within this topic receiving 192 citations.
Papers
TL;DR: This article examined a revenue neutral green tax reform along the lines of the Double Dividend hypothesis and found that increasing gasoline taxes and using the revenue to reduce capital income taxes does indeed deliver both types of welfare gains: from higher consumption of market goods (an efficiency dividend), and from a better environmental quality (a green dividend), even though in the new steady state environmental quality may worsen.
Abstract: This paper examines a revenue neutral green tax reform along the lines of the Double Dividend hypothesis. Using a dynamic general equilibrium model calibrated to the US economy, we find that increasing gasoline taxes and using the revenue to reduce capital income taxes does indeed deliver both types of welfare gains: from higher consumption of market goods (an efficiency dividend), and from a better environmental quality (a green dividend), even though in the new steady state environmental quality may worsen. We also find that, given the available evidence on how much households are willing to pay for improvements in air quality, the size of the green dividend is very small in absolute magnitude, and much smaller than the efficiency dividend.
48 citations
TL;DR: In this article, the authors use a dynamic general equilibrium model, calibrated to the Spanish economy, to evaluate different reforms that consist in increasing energy taxes and adjusting capital taxation in a revenue-neutral framework.
35 citations
TL;DR: The authors analyzes the double dividend and distributional issues within an overlapping generations model framework with involuntary unemployment and characterizes the necessary conditions needed to obtain a double dividend, when the revenue of the environmental tax is recycled by a variation of the labor tax rate.
Abstract: This paper analyzes the double dividend and distributional issues within an overlapping generations model framework with involuntary unemployment. We characterize the necessary conditions needed to obtain a double dividend, when the revenue of the environmental tax is recycled by a variation of the labor tax rate. We show that an employment dividend may occur without any efficiency dividend and that the young generation is not always harmed by the fiscal reform, even without any intergenerational transfers. Therefore, three dividends (environmental, efficiency and intergenerational equity) can occur simultaneously.
34 citations
Posted Content•
TL;DR: The authors analyzes the double dividend and distributional issues within an overlapping generations models framework with involuntary unemployment and characterizes the necessary conditions for the obtention of a double dividend when the revenue of the environmental tax is recycled by a variation of the labor tax rate.
Abstract: This paper analyzes the double dividend and distributional issues within an overlapping generations models framework with involuntary unemployment. We characterize the necessary conditions for the obtention of a double dividend when the revenue of the environmental tax is recycled by a variation of the labor tax rate. We show that an employment dividend may occur without any efficiency dividend and that the young generation is not always harmed by the fiscal reform, even without any intergenerational transfers. Therefore, three dividends (environmental, efficiency and intergenerational equity) can simultaneously occur.
26 citations
TL;DR: In this paper, the authors propose alternative definitions of the double-dividend and propose a different splitting of the total welfare variation between the first and the second dividend in order to isolate the efficiency effects of the ETR.
17 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2014 | 1 |
| 2012 | 1 |
| 2011 | 3 |
| 2010 | 2 |
| 2009 | 1 |
| 2008 | 1 |