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Double Dividend
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Double Dividend: Environmental Taxes and Fiscal Reform in the United States

Dale W. Jorgenson, Richard J. Goettle, Mun S. Ho, and Peter J. Wilcoxen

Abstract

Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well-documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy. The resulting revenue can be used in reducing the burden of the overall tax system and improving the performance of the economy, creating the double div ... More

Keywords: hidden costs, environmental taxes, double dividend, general equilibrium model, confidence intervals, individual welfare impacts, social welfare, efficiency, equity

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780262027090
Published to MIT Press Scholarship Online: September 2014 DOI:10.7551/mitpress/9780262027090.001.0001

Authors

Affiliations are at time of print publication.

Dale W. Jorgenson, author

Richard J. Goettle, author

Mun S. Ho, author

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