Policy Design | EfD - Initiative

A Revisit to the Annuity Role of Estate Tax

Submitted by Tanay Ray Bhatt on Tue, 2020-05-12 18:25

EfD Authors:

This paper finds that previous conclusions that a uniform lump-sum estate tax could provide annuity income were reached by not including the bequest income that households receive. We argue that since agents leave behind bequest, they should also receive bequest income from their parents. Moreover, the differential timing and sizes of bequest income will generate unequal wealth effects even with the actuarially fair annuity markets.

Discussion Paper

Policy Design

Optimal Intergenerational Transfers: Public Education and Pensions

Submitted by Vidisha Chowdhury on Tue, 2020-05-12 13:31

EfD Authors:

Bishnu, Monisankar

Discussion Paper

Policy Design

Social Security with Differential Mortality

Submitted by Vidisha Chowdhury on Tue, 2020-05-12 11:46

EfD Authors:

Bishnu, Monisankar

This paper examines the welfare angle of Pay As You Go (PAYG) type social security under differential mortality among different income groups. Empirical evidence suggests that agents who have low income tend to start working earlier and have shorter longevity than those with middle or high income.

Peer Reviewed

Policy Design

Bishnu, Monisankar

Evaluating Environmental Policies. The Impacts of Stove Programs in Urban Households of Central-Southern Chile.

Air pollution is one of the most important environmental problems in Chile. The government of Chile estimates that 8 million inhabitants are exposed to high fine particulate matter (PM2.5)

Mon, 2020-05-11 21:10 | Energy, Forestry, Policy Design | Chile

Decarbonizing the Industrial Sector: The Potential for Ambitious EU Member States to Use Flexible Performance Standards to Strengthen Carbon Price Signals

Submitted by Anonymous (not verified) on Mon, 2020-05-11 15:10

EfD Authors:

Löfgren, Åsa

Burtraw, Dallas

In this policy brief, we offer an introduction to the family of policy instruments known as “flexible performance standards.” We describe and examine the attributes of performance standards that elevate them to be chosen in many jurisdictions, often as a precursor to carbon pricing, and we explain why flexibility improves their cost effectiveness and the potential they may have as complementary policies to strengthen carbon pricing to drive innovation, with a specific focus on the industrial sector.

Policy Brief

Carbon Pricing, Climate Change, Policy Design