| Distributional Effects of Environmental and Energy Policy Contributor(s): Fullerton, Don (Editor) |
|
 |
ISBN: 0754627373 ISBN-13: 9780754627371 Publisher: Routledge OUR PRICE: $346.50 Product Type: Hardcover - Other Formats Published: August 2009 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Nature | Natural Resources - Political Science |
| Dewey: 333.7 |
| LCCN: 2008040483 |
| Series: International Library of Environmental Economics and Policy |
| Physical Information: (2.69 lbs) 518 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Many effects of environmental and energy policy are likely to disproportionately burden those with low income. First, it raises the price of fossil-fuel-intensive products that constitute a high fraction of low-income budgets (like gasoline, heating fuel and electricity). Second, the handout of pollution permits to firms provides value to those who own them. Third, low-income individuals may place more value on food and shelter than on improvements in environmental quality, so high-income individuals may get the most benefit of pollution abatement. Fourth, air quality improvements may raise the value of houses owned by landlords, rather than helping renters. These effects might all hurt the poor more than the rich. This book brings together the seminal economics literature that studies whether these fears are valid and whether anything can be done about them. |