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The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
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Previous analyses of the cost of redistribution by a unitary governmenthave focussed on the welfare losses of distorted … labor supply choices. On theother hand, the analysis of redistribution b,y local qovernments in a federalsystem has … engaging in moreredistribution. This paper combines both migration and labor supply effectsto compute marginal redistribution …
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