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Redistributive impacts of a carbon tax in Colombia: the link between models of microsimulations and general equilibrium

Author

Listed:
  • Germán Romero

    (Departamento Nacional de Planeación)

  • Andrés Álvarez-Espinosa

    (Departamento Nacional de Planeación)

  • Silvia Calderón

    (Departamento Nacional de Planeación)

  • Alejandro Ordóñez

Abstract

This paper examines the redistributive effects of taxing carbon dioxide emissions on household welfare through changes in prices of consumer goods. To this end, the results of a computable general equilibrium model are sequentially integrated with a household-level analysis based on microsimulation models (MSM). The analysis also allows for comparisons between the effects of using arithmetic and behavioral MSMs. Results show that a carbon tax has negative effects on population welfare, with higher-income households being the most affected and middle-class households the least. Finally, a number of policy recommendations for reducing emissions and including well-being criteria in mitigation measures are presented.

Suggested Citation

  • Germán Romero & Andrés Álvarez-Espinosa & Silvia Calderón & Alejandro Ordóñez, 2018. "Redistributive impacts of a carbon tax in Colombia: the link between models of microsimulations and general equilibrium," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 89, pages 163-198, Julio - D.
    • Handle: RePEc:lde:journl:y:2018:i:89:p:163-198
    DOI: 10.17533/udea.le.n89a06
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    More about this item

    Keywords

    carbon tax; microsimulations; AIDS; QAIDS; mitigation; climate change;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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