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CLEAR Economics: State-Level Impacts of the Carbon Limits and Energy for America’s Renewal Act on Family Incomes and Jobs
PERI Working Papers (2010)
  • James K Boyce, University of Massachusetts - Amherst
  • Matthew Riddle
Abstract

James K. Boyce and Matthew Riddle have updated earlier anlysis that examines the household-level impacts of a cap-and-dividend plan, and how they differ between states. In this paper, the authors not only consider the specific parameters of the 2010 CLEAR Act, but also add an assessment of the state-by-state job creation that would have resulted from the bill. Boyce & Riddle find that interstate differences in the bill’s impact on household incomes would have been small: much smaller than differences across the income spectrum, and vastly smaller than the differences in other federal programs, such as defense spending. As a result, the CLEAR Act would have delivered positive net benefits to the majority of households in every state. Where there are interstate differences, Boyce & Riddle suggest ways in which the CLEAR Act could have been modified to eliminate them altogether.

Disciplines
Publication Date
March 11, 2010
Citation Information
James K Boyce and Matthew Riddle. "CLEAR Economics: State-Level Impacts of the Carbon Limits and Energy for America’s Renewal Act on Family Incomes and Jobs" PERI Working Papers (2010)
Available at: http://works.bepress.com/james_boyce/45/