The Resource Is the gasoline tax regressive in the twenty-first century?, Jordi J. Teixidó, Jordi J.; Stefano F. Verde

Is the gasoline tax regressive in the twenty-first century?, Jordi J. Teixidó, Jordi J.; Stefano F. Verde

Label
Is the gasoline tax regressive in the twenty-first century?
Title
Is the gasoline tax regressive in the twenty-first century?
Statement of responsibility
Jordi J. Teixidó, Jordi J.; Stefano F. Verde
Creator
Contributor
Author
Subject
Language
eng
Summary
Poterba (1991a) has much influenced the literature on the distributional effects of carbon pricing. The gist of Poterba’s study is that the distributional incidence of energy/environmental taxes across households is better appreciated if the relative tax burdens are measured against total expenditure instead of annual income. Interpreted as a proxy for lifetime income, total expenditure is more stable over time. As a result, the incidence of energy price increases is less regressive than when annual income is used. This outcome is often taken to lessen the relevance of equity concerns regarding carbon pricing. Almost twenty-five years after Poterba (1991a), Piketty (2014) revived the idea that wealth is a dimension of economic welfare constituting an increasingly important source of inequality. We show that omitting wealth in measuring ability to pay means underestimating the regressivity of carbon pricing and its inequity towards younger people. Using household-level data and statistical matching, we revisit Poterba’s application and compare the distributional incidence of the US federal gasoline tax for different measures of ability to pay: total expenditure, income and wealth-adjusted income
Member of
http://library.link/vocab/creatorName
Teixidó, Jordi J
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Verde, Stefano F
  • Max Weber Programme
Series statement
  • EUI working papers. MWP
  • EUI papers
Series volume
2016/19
http://library.link/vocab/subjectName
  • Gasoline
  • Carbon taxes
  • Cost and standard of living
Label
Is the gasoline tax regressive in the twenty-first century?, Jordi J. Teixidó, Jordi J.; Stefano F. Verde
Link
http://hdl.handle.net/1814/43271
Instantiates
Publication
Note
Subjects: Gasoline tax; Carbon pricing; Wealth; Distributional effects; Inequality
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17850265
Dimensions
30 cm.
Extent
36 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)993043579
Label
Is the gasoline tax regressive in the twenty-first century?, Jordi J. Teixidó, Jordi J.; Stefano F. Verde
Link
http://hdl.handle.net/1814/43271
Publication
Note
Subjects: Gasoline tax; Carbon pricing; Wealth; Distributional effects; Inequality
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17850265
Dimensions
30 cm.
Extent
36 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)993043579

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