| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w30321
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| 来源ID | Working Paper 30321
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| Taxing Externalities: Revenue vs. Welfare Gains with an Application to U.S. Carbon Taxes |
| Matthew Kotchen
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| 发表日期 | 2022-08-08
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| 出版年 | 2022
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| 语种 | 英语
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| 摘要 | This paper asserts that reporting of the ratio of welfare gains to tax revenue should be standard protocol in economic analyses of externality correcting taxes. That this comparison might matter is somewhat of a “blind spot” in most economic analyses, for it plays virtually no role when economists recommend taxes to internalize externalities. A simple model illustrates how the ratio of welfare gains to tax revenue plays a central role in a political economy and efficiency framing of Pigouvian type taxes. The analysis also shows intuitive results about how the ratio is increasing in the marginal external costs and the equilibrium elasticity to a tax. The second part of the paper illustrates the wide range of potential results with application of carbon taxes to different fuels in the United States. For example, assuming a social cost of carbon (SCC) and a carbon tax equal to $50 per tonne, the central estimates imply ratios of 12.1 for coal, 0.36 for natural gas, and very close to zero for diesel and gasoline. When all four fuels are combined, the ratios indicate a more proportional balance between welfare gains and tax revenue, with overall estimates ranging between 0.7 and 2.8. The paper concludes with a general appeal for economists to pay more attention to the relative magnitudes of efficiency gains and tax revenue when analyzing and advocating for externality correcting taxes. |
| 主题 | Public Economics
; Taxation
; Environmental and Resource Economics
; Energy
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| URL | https://www.nber.org/papers/w30321
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587994
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推荐引用方式
GB/T 7714 |
Matthew Kotchen. Taxing Externalities: Revenue vs. Welfare Gains with an Application to U.S. Carbon Taxes. 2022.
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文件名：
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w30321.pdf
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格式：
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Adobe PDF
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