The Experts below are selected from a list of 321 Experts worldwide ranked by ideXlab platform
Zhijie Jia - One of the best experts on this subject based on the ideXlab platform.
-
Transfer Payments in emission trading markets a perspective of rural and urban residents in china
Journal of Cleaner Production, 2018Co-Authors: Boqiang Lin, Zhijie JiaAbstract:Abstract Human activities cause massive CO2 emission, and the Emission Trading Scheme (ETS) is currently one of the most effective methods of emission reduction. Few studies focus on the impact of different Transfer Payments in ETS on rural and urban population. This paper establishes a dynamic recursive Computable General Equilibrium (CGE) model and constructs 3 counter-measure scenarios (i.e. payment methods based on income, direct tax and population, respectively), following China's pilot ETS pattern, to analyze and provide insights on the best option for the government to Transfer ETS revenues to rural and urban population. The results show that commodity consumption, energy consumption, direct tax, and social welfare will be significantly impacted by ETS Transfer Payments, while commodity price and household savings will be less affected. For rural population, more Transfer Payments will lead to an increase in consumption levels in the ETS Transfer Payments scenario based on population, despite the rise in commodity prices. Moreover, the Payments based on population can also reduce by 15.09 billion tons of CO2 emission during 2017–2030. Therefore, this paper suggests that the ETS Transfer Payments method should be based on population.
David H Romer - One of the best experts on this subject based on the ideXlab platform.
-
Transfer Payments and the macroeconomy the effects of social security benefit increases 1952 1991
American Economic Journal: Macroeconomics, 2016Co-Authors: Christina D Romer, David H RomerAbstract:From the early 1950s to the early 1990s, increases in Social Security benefits in the United States varied widely in size and timing, and were only rarely undertaken in response to short-run macroeconomic developments. This paper uses these benefit increases to investigate the macroeconomic effects of changes in Transfer Payments. It finds a large, immediate, and statistically significant response of consumption to permanent changes in Transfers. The response appears to decline at longer horizons, however, and there is no clear evidence of effects on industrial production or employment. These effects differ sharply from the effects of relatively exogenous tax changes: the impact of Transfers is faster, but much less persistent and dramatically smaller overall. Finally, we find strong statistical and narrative evidence of a sharply contractionary monetary policy response to permanent benefit increases that is not present for tax changes. This may account for the lower persistence of the consumption effects of Transfers and their failure to spread to broader indicators of economic activity.
-
Transfer Payments and the macroeconomy the effects of social security benefit changes 1952 1991
National Bureau of Economic Research, 2014Co-Authors: Christina D Romer, David H RomerAbstract:From the early 1950s to the early 1990s, increases in Social Security benefits in the United States varied widely in size and timing, and were only rarely undertaken in response to short-run macroeconomic developments. This paper uses these benefit increases to investigate the macroeconomic effects of changes in Transfer Payments. It finds a large, immediate, and statistically significant response of consumption to permanent changes in Transfers. The response appears to decline at longer horizons, however, and there is no clear evidence of effects on industrial production or employment. These effects differ sharply from the effects of relatively exogenous tax changes: the impact of Transfers is faster, but much less persistent and dramatically smaller overall. Finally, we find strong statistical and narrative evidence of a sharply contractionary monetary policy response to permanent benefit increases that is not present for tax changes. This may account for the lower persistence of the consumption effects of Transfers and their failure to spread to broader indicators of economic activity.
-
Transfer Payments and the macroeconomy the effects of social security benefit changes 1952 1991
2014Co-Authors: Christina D Romer, David H RomerAbstract:From the early 1950s to the early 1990s, increases in Social Security benefits in the United States varied widely in size and timing, and were only rarely undertaken in response to short-run macroeconomic developments. This paper uses these benefit increases to investigate the macroeconomic effects of changes in Transfer Payments. It finds a large, immediate, and statistically significant response of consumption to permanent changes in Transfers. The response appears to decline at longer horizons, however, and there is no clear evidence of effects on industrial production or employment. These effects differ sharply from the effects of relatively exogenous tax changes: the impact of Transfers is faster, but much less persistent and dramatically smaller overall. Finally, we find strong statistical and narrative evidence of a sharply contractionary monetary policy response to permanent benefit increases that is not present for tax changes. This may account for the lower persistence of the consumption effects of Transfers and their failure to spread to broader indicators of economic activity.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.
Xiaohong Huang - One of the best experts on this subject based on the ideXlab platform.
-
the impact of Transfer Payments on urban rural income gap based on fuzzy rd analysis of china s midwestern county data
China Finance and Economic Review, 2016Co-Authors: Genqiang Lei, Xiaohong HuangAbstract:China’s long term Gini coefficient is higher than the international warning line and the urban-rural income gap is still serious, meanwhile the Transfer Payments targeted adjusting the income distribution are increasing in recent years, which indicate that we should examine the impact of current Transfer payment system on income gap. By choosing Develop-the-west Strategy that is a quasi-natural experiment and applying regression of discontinuity of location, using 1054 counties data of 15 provinces in Midwestern China from 2000 to 2007, we analyze the impact of Transfer Payments on urban-rural income gap in this paper. The results show that local government in western China paid more Transfer Payments than in the central region, however, the income gap between urban-rural residents in the western region increased by 20%. The widening effects are robust in different bandwidth situation such as distance or latitude and longitude. Meanwhile, the mechanism analyses find that urban residents benefit more than rural residents from Transfer Payments. Therefore, we believe that Transfer Payments should be more targeted to invest in rural areas, at the same time, the central government should rationalize the structure of Transfer Payments as soon as possible, and correct the urban bias and structure bias of local fiscal expenditure.
James B Mcdonald - One of the best experts on this subject based on the ideXlab platform.
-
the impact of taxes and Transfer Payments on the distribution of income a parametric comparison
Journal of Economic Inequality, 2007Co-Authors: Samuel R Dastrup, Rachel Hartshorn, James B McdonaldAbstract:The Luxembourg Income Study data is used to explore the impact of taxes and Transfer Payments on the distribution of income across 13 countries for different years. The five-parameter generalized beta distribution and 10 of its special cases are considered as models for the size distribution of income. Maximum likelihood methods are used to estimate the model with corresponding measures of goodness of fit and inequality reported. These results identify the best-fitting two-, three-, and four-parameter models as well as describe the inter-temporal patterns of inequality corresponding to earnings, total income, and disposable income. A general pattern of increasing inequality is observed for almost all countries considered along with significantly different distributional impacts of taxes and Transfer Payments across countries.
-
the impact of taxes and Transfer Payments on the distribution of income a parametric comparison
2006Co-Authors: James B Mcdonald, Rachel Hartshorn, Samuel R DastrupAbstract:The Luxembourg Income Study data is used to explore the impact of taxes and Transfer Payments on the distribution of income across thirteen countries for different years. The five-parameter generalized beta distribution and ten of its special cases are considered as models for the size distribution of income. Maximum likelihood methods are used to estimate the model with corresponding measures of goodness of fit and inequality reported. These results identify the best-fitting two, three, and four- parameter models as well as describe the inter-temporal patterns of inequality corresponding to earnings, total income, and disposable income. A general pattern of increasing inequality is observed for almost all countries considered along with significantly different distributional impacts of taxes and Transfer Payments across countries.
Wang Zhong-wen - One of the best experts on this subject based on the ideXlab platform.
-
Initial Analysis on the Public Finance and Transfer Payment System
Journal of Social Work, 2008Co-Authors: Wang Zhong-wenAbstract:To build up the public finance and Transfer Payments system is hot problems of domestic economic domain. Establishment of public finance framework is a milestone of reform and opening to the world, meanwhile establishment of Transfer Payments is the best choice to realization of public finance, and the best approach to intervention economy operation under the market condition.
