Life cycle general equilibrium models with heterogeneous agents have a very hard time reproducing the American wealth distribution. A common assumption made in this literature is that all young adults enter the economy with no initial assets. In this article, we relax this assumption – not...

This article investigates the economic effects of carbon taxation, using a multi-sector general equilibrium model with intersectorial input-output linkages and greenhouse gas emissions. We construct a novel and comprehensive sector-level dataset incorporating all relevant sources of greenhouse...