Environmental Tax Reform in a Small Open Economy with Structural Unemployment

Released on by Bertil Holmlund
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  • Environmental Tax Reform in a Small Open Economy with Structural Unemployment Book Detail

  • Author : Bertil Holmlund
  • Release Date : 2014
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 63,63 MB
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Environmental Tax Reform in a Small Open Economy with Structural Unemployment by Bertil Holmlund PDF Summary

Book Description: The paper examines the effects of an environmental tax reform in a model of a small open economy with decentralized wage bargaining and monopolistically competitive firms. The economy includes a tradable sector as well as a non-tradable sector and features unemployment in general equilibrium. Firms in both sectors use labor and an imported polluting factor of production ("energy"). A tax on energy, recycled to reduce the payroll tax, will in general affect equilibrium unemployment in this economy. The effect works through a reallocation of employment from the tradable to the non-tradable sector. Total employment increases if workers in the tradable sector receive a wage premium relative to workers in the non-tradable sector. The sectoral relative wage is determined by the relative bargaining power of the unions and by parameters of preferences and technology. Parameterized versions of the model suggest that the tax reform has small effects on employment and that it typically reduces real GDP.

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Environmental Tax Reform (ETR)

Environmental Tax Reform (ETR)

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A comprehensive analysis of an environmental tax reform where people are taxed on pollution and the use of natural resources instead of on their income, this bo