Article
Climate policy and wealth distribution
2021-06-01
Abstract excerpt
<title>Abstract</title> <p>We set up a model with inter-generational bequest transfers and a climate damage on the wealth of heterogeneous households. We show that, under the imperfections of credit markets and depending on the wealth distribution across households, a balanced budget climate policy may widen the wealth inequality between the rich and the poor class. A climate policy may create positive effects on...
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Identifiers and source
- Literature Corpus work
- 09fd7998-e675-5164-b5ea-e7b50233399b
- DOI
- 10.21203/rs.3.rs-203455/v1