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

German Romero (), Andrés Álvarez-Espinosa (), Silvia Calderón () and Alejandro Ordóñez ()
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Andrés Álvarez-Espinosa: Departamento Nacional de Planeación
Silvia Calderón: Departamento Nacional de Planeación

Lecturas de Economía, 2018, issue 89, 163-198

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.

Keywords: carbon tax; microsimulations; AIDS; QAIDS; mitigation; climate change (search for similar items in EconPapers)
JEL-codes: H20 Q50 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2018:i:89:p:163-198

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DOI: 10.17533/udea.le.n89a06

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