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ACE—Analytic Climate Economy

By Christian P. Traeger

American Economic Journal: Economic Policy, August 2023

I study optimal carbon taxation in an analytic quantitative integrated assessment model (IAM) that links IAM components, parametric assumptions, and calibration approaches directly to their policy impacts. I show how temperature's tax impact differs from ...

Voting for Democracy: Chile's Plebiscito and the Electoral Participation of a Generation

By Ethan Kaplan, Fernando Saltiel, and Sergio Urzúa

American Economic Journal: Economic Policy, August 2023

This paper assesses the long-term consequences of voting for democracy. We study Chile's 1988 plebiscite, which ended 15 years of dictatorship and reestablished democracy. Taking advantage of individual-level voting data, we implement an age-based regress...

Think Globally, Act Globally: Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries

[Symposium: International Dimensions of Climate Change Policy]

By Rachel Glennerster and Seema Jayachandran

Journal of Economic Perspectives, Summer 2023

Reductions in greenhouse gas emissions are a global public good, which makes it efficient to act globally when addressing this challenge. We lay out several reasons that high-income countries seeking to mitigate climate change might have greater impact if...

Carbon Border Adjustments, Climate Clubs, and Subsidy Races When Climate Policies Vary

[Symposium: International Dimensions of Climate Change Policy]

By Kimberly A. Clausing and Catherine Wolfram

Journal of Economic Perspectives, Summer 2023

Jurisdictions adopt climate policies that vary in terms of both ambition and policy approach, with some pricing carbon and others subsidizing clean production. We distinguish two types of policy spillovers from these diverse approaches. First, when countr...

Global Transportation Decarbonization

[Symposium: International Dimensions of Climate Change Policy]

By David Rapson Erich Muehlegger

Journal of Economic Perspectives, Summer 2023

Replacing fossil fuels in the name of decarbonization is necessary but will be particularly difficult due to their as-yet unrivaled bundle of attributes: abundance, ubiquity, energy density, transportability and cost. There is a growing commitment to elec...

What Can Historically Black Colleges and Universities Teach about Improving Higher Education Outcomes for Black Students?

By Gregory N. Price and Angelino C. G. Viceisza

Journal of Economic Perspectives, Summer 2023

Historically Black colleges and universities are institutions that were established prior to 1964 with the principal mission of educating Black Americans. In this essay, we focus on two main issues. We start by examining how Black College students perform...