Optimal taxation, public goods and environmental policy with involuntary unemployment

The implications of more environmental concern for the optimal provision of public goods, tax structure, and involuntary unemployment are derived within a second-best framework in which lump-sum taxes are not available and labour supply is rationed owing to a rigid consumer wage. A shift towards gre...

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Bibliographic Details
Published in:Journal of public economics 1996-10, Vol.62 (1), p.59-83
Main Authors: Bovenberg, A.Lans, van der Ploeg, Frederick
Format: Article
Language:English
Subjects:
Economic models
Environmental policy
Factor susbtitution
Fiscal policy
Input output analysis
Labour taxation
Marginal cost of public funds
Optimal taxation
Optimization
Pollution
Public economics
Public good
Public goods
Public policy
Studies
Taxation
Unemployment
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Summary:The implications of more environmental concern for the optimal provision of public goods, tax structure, and involuntary unemployment are derived within a second-best framework in which lump-sum taxes are not available and labour supply is rationed owing to a rigid consumer wage. A shift towards greener preferences may boost employment and public consumption if initial environmental concern is small, a fixed factor plays a major role in production, and pollution is reduced through more labour-intensive production rather than a lower level of output.
ISSN:0047-2727
1879-2316
DOI:10.1016/0047-2727(96)01574-5