{"id":121994,"date":"2024-01-23T07:30:43","date_gmt":"2024-01-23T06:30:43","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/121994\/"},"modified":"2024-11-07T05:12:49","modified_gmt":"2024-11-07T04:12:49","slug":"testing-innovation-employment-and-distributional-impacts-of-climate-policy-packages-in-a-macro-evolutionary-systems-setting-wwwforeurope-working-paper-no-83","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/121994\/","title":{"rendered":"Testing Innovation, Employment and Distributional Impacts of Climate Policy Packages in a Macro-evolutionary Systems Setting. WWWforEurope Working Paper No. 83"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-121994","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Climate policy has been mainly studied with economic models that assume representative, rational agents. However, it aims at changing behaviour associated with carbon-intensive goods that is often subject to bounded rationality and social preferences, such as status and imitation. Here we use a macroeconomic multi-agent model with such features to test the effect of various policies on both environmental and economic performance. The model is particularly suitable to address distributional impacts of climate policies, not only because populations of many agents are included, but also as these are composed of different classes of households driven by specific motivations. We simulate various policy scenarios, combining in different ways a carbon tax, a reduction of labour taxes, subsidies for green innovation, a price subsidy to consumers for less carbon-intensive products, and green government procurement. The results show pronounced differences with those obtained by rational-agent model studies. It turns out that demand-oriented subsidies lead to lower unemployment and higher output, but perform less well in terms of carbon emissions. The supply-oriented subsidy for green innovation results in a significant reduction of carbon emissions with a slight reduction of unemployment.","onlinedate":"2015-04-01 12:00:00","lang":"English","publication_series":"WWWforEurope: Welfare, Wealth and Work for Europe","publication_date":"20150201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"33","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":356836,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":"2015-04-01 12:00:00","types":[81966],"research_groups":[3655],"collaboration":"","persons":[13173,13425,11789,4907,11279],"persons_data":"[{\"personId\":13173,\"personName\":\"Bernhard Rengs\",\"organisationNames\":[\"\u00c4AW and TU Vienna\"]},{\"personId\":13425,\"personName\":\"Manuel Scholz-W\u00e4ckerle\",\"organisationNames\":[\"WU Vienna\"]},{\"personId\":11789,\"personName\":\"Ardjan Gazheli\",\"organisationNames\":[]},{\"personId\":4907,\"personName\":\"Mikl\u00f3s Antal\",\"organisationNames\":[]},{\"personId\":11279,\"personName\":\"Jeroen C.J.M. van den Bergh\",\"organisationNames\":[\"UAB\"]}]","clients":[10692,10704,10722,32851],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Testing Innovation, Employment and Distributional Impacts of Climate Policy Packages in a Macro-evolutionary Systems Setting. WWWforEurope Working Paper No. 83 - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/121994\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Testing Innovation, Employment and Distributional Impacts of Climate Policy Packages in a Macro-evolutionary Systems Setting. 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