The Effectiveness of Revenue-Neutral Carbon Taxes

This paper investigates the effectiveness of carbon taxes in the manufacturing sector by examining British Columbia’s revenue-neutral carbon tax. We theoretically demonstrate that the magnitude of plants’ exposure to the policy monotonically increases with its emission intensity. Using detailed confidential plant-level data, we directly exploit the variations in plants’ emission intensity to isolate the emission effect of the policy. We find that the carbon tax lowers emission by 2 percent. Furthermore, we find that the policy had a positive output effect, suggesting that the carbon tax encouraged plants to produce more with less energies. These findings are possibly due to the revenue neutrality of the policy, especially through the reduction of the corporate income taxes. It incentivized plants to invest in both energy-saving and productivity-enhancing technologies.JEL Classification Codes: H23, Q5, L6Yamazaki acknowledges generous financial support from the Policy Research Center at the National Graduate Institutefor Policy Studies (GRIPS).http://www.grips.ac.jp/list/jp/facultyinfo/yamazaki-akio

EVS Trend File 1981-2017 – Sensitive Dataset

The European Values Study is a large-scale, cross-national and longitudinal survey research program on how Europeans think about family, work, religion, politics, and society. Repeated every nine years in an increasing number of countries, the survey provides insights into the ideas, beliefs, preferences, attitudes, values, and opinions of citizens all over Europe. The EVS Trend File 1981-2017 is constructed from the five EVS waves and covers almost 40 years. In altogether 160 surveys, more than 224.000 respondents from 48 countries/regions were interviewed. It is based on the updated data of the EVS Longitudinal Data File 1981-2008 (v.3.1.0) and the current EVS 2017 Integrated Dataset (v.5.0.0). For the EVS Trend File, a Restricted-Use File (ZA7504) is available in addition to the (factually anonymised) Scientific-Use File (ZA7503). The EVS Trend File – Sensitive Dataset (ZA7504) is provided as an add-on file. In addition to a small set of admin and protocol variables needed to merge with the SUF data, the Sensitive Dataset contains the following variables that could not be included in the scientific-use file due to their sensitive nature: W005_3 Job profession/industry (3-digit ISCO88) - spouse/partner EVS 2008W005_3_01 Job profession/industry (3-digit ISCO08) - spouse/partner EVS 2017W005_4 Job profession/industry (4-digit ISCO88) - spouse/partner EVS 2008X035_3 Job profession/industry (3-digit ISCO88) – respondent EVS 1999, EVS 2008 X035_3_01 Job profession/industry (3-digit ISCO08) - respondent EVS 2017X035_4 Job profession/industry (4-digit ISCO88) – respondent EVS 1999, EVS 2008 x048c_n3 Region where the interview was conducted (NUTS-3): NUTS version 2006 EVS 2008X048J_N3 Region where the interview was conducted (NUTS-3): NUTS version 2016 EVS 2017X049 Size of town (8 categories) EVS 2008, EVS 2017 Detailed information on the anonymization process in the EVS Trend File is provided in the EVS Trend File Variable Report