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041 _afre
042 _adc
100 1 0 _aGonand, Frédéric
_eauthor
245 0 0 _aIntergenerational inequality and the recycling of a carbon tax
260 _c2019.
500 _a71
520 _aThis article analyses the redistributive intergenerational effects of recycling a carbon tax and their influence on how governments recycle this tax. We use a model with overlapping generations parameterized on real data. We consider two reform scenarios, depending on whether the carbon tax is recycled through higher public spending or lower direct taxes—the latter providing a “second dividend” for growth. A carbon tax fully recycled through lower taxes weighs on the intertemporal well-being of baby boomers but is more favourable to youth and future cohorts. Noteworthingly, a social planner can recycle a carbon tax by increasing spending rather than reducing taxes if his aversion to intergenerational inequality is high enough. JEL Codes: D58, D63, E62, Q28, Q43.
690 _aintergenerational redistribution
690 _asocial choice
690 _acarbon tax
786 0 _nRevue économique | 70 | 3 | 2019-05-07 | p. 411-440 | 0035-2764
856 4 1 _uhttps://shs.cairn.info/journal-revue-economique-2019-3-page-411?lang=en&redirect-ssocas=7080
999 _c546610
_d546610