Climate Policy and Wealth Distribution
Climate Policy and Wealth Distribution
复制标题
气候政策与财富分配
DOI:
10.1007/s10666-021-09809-y
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发表时间:
2022
影响因子:
2.4
通讯作者:
Dao Nguyen Thang
中科院分区:
文献类型:
--
作者:
天畠華織;竹内憲司;大越裕史;Dao Nguyen Thang
We set up a model with intergenerational bequest transfers and climate damage on the wealth of heterogeneous households. We show that, under credit market imperfections and depending on wealth distribution across households, a balanced budget climate policy may widen the wealth inequality gap between the rich and poor. Climate policy may create positive effects on the wealth of households, but these effects are asymmetric across households in terms of both magnitude and the transmission of gains from a climate policy within households. The gains of the poor from a climate policy are mainly transmitted into improving living standards and the investment in human capital due to the higher marginal return to education investment. By contrast, the gains of the rich from a climate policy are transmitted biasedly into physical capital accumulation and thereby enhance their monopolistic position in the production of intermediate inputs. We show that, for any climate policy, there exists a corresponding threshold of aggregate physical capital. When the aggregate physical capital of the economy exceeds this threshold, the corresponding climate policy may widen the intergenerational bequest transfers among heterogeneous households, thereby contributing to widening the wealth inequality gap between the rich and poor.
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DOI:
10.1111/roiw.12088
发表时间:
2015
期刊:
Microeconomics: Welfare Economics & Collective Decision-Making eJournal
影响因子:
--
作者:
P. Liberati
通讯作者:
P. Liberati
影响因子:
5.9
作者:
N. T. Dao;Kerstin Burghaus;O. Edenhofer
通讯作者:
O. Edenhofer
DOI:
--
发表时间:
2000
期刊:
影响因子:
--
作者:
T. Piketty
通讯作者:
T. Piketty
DOI:
--
发表时间:
2015
期刊:
--
影响因子:
--
作者:
L. Chancel;T. Piketty
通讯作者:
T. Piketty
DOI:
--
发表时间:
2011
期刊:
--
影响因子:
--
作者:
Joshua A. Blonz;D. Burtraw;M. Walls
通讯作者:
M. Walls