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The Carbon Tax, Ageing and Pension Deficits

hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorGonand, Frédéric*
dc.date.accessioned2017-12-13T15:17:32Z
dc.date.available2017-12-13T15:17:32Z
dc.date.issued2016
dc.identifier.issn1420-2026
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/17222
dc.descriptionThe online version of this article (doi:10.​1007/​s10666-015-9482-2) contains supplementary material, which is available to authorized users.en
dc.language.isoenen
dc.subjectCarbon taxen
dc.subjectIntergenerational redistributionen
dc.subjectOverlapping generationsen
dc.subjectPAYG pension reformen
dc.subjectGeneral equilibriumen
dc.subject.ddc338.5en
dc.subject.classificationjelD.D9.D91en
dc.subject.classificationjelD.D5.D58en
dc.titleThe Carbon Tax, Ageing and Pension Deficitsen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenAgeing increases the income of a carbon tax ceteris paribus since energy consumption rises with age, as macro and micro data show. Ageing also increases some public expenditures, notably those of pay-as-you-go (PAYG) pension systems. Accordingly, there may be a case for recycling a carbon tax in an ageing context so as to finance ageing-related public expenditures. This article studies the interacting effects on intergenerational equity and growth of such a recycling. It relies on a general equilibrium model with overlapping generations parameterised with empirical data. Several results emerge. Implementing a carbon tax fully recycled through higher lump-sum pensions weighs relatively more on the intertemporal welfare of young and future generations. A carbon tax fully recycled through lower social contributions financing the PAYG bolsters the wellbeing of young and future generations but weighs on the welfare of baby-boomers and older cohorts. The redistributive effects of recycling a carbon tax can depend significantly on the way used to balance the PAYG regime.en
dc.relation.isversionofjnlnameEnvironmental Modeling and Assessment
dc.relation.isversionofjnlvol21en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2016
dc.relation.isversionofjnlpages307-322en
dc.relation.isversionofjnlpublisherKluwer Academic Publishersen
dc.subject.ddclabelMicroéconomieen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.identifier.doi10.1007/s10666-015-9482-2
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewedouien
dc.relation.Isversionofjnlpeerreviewedouien
dc.date.updated2017-12-12T13:15:37Z
hal.identifierhal-01663036*
hal.version1*
hal.update.actionupdateMetadata*
hal.author.functionaut


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