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American Economic Review: Vol. 99 No. 3 (June 2009)
AER Volume. 99, Issue 3 | 
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Distributional and Efficiency Impacts of Increased US Gasoline Taxes
Article Citation
Bento, Antonio M.,
Lawrence H. Goulder,
Mark R. Jacobsen, and
Roger H. von Haefen. 2009. "Distributional and Efficiency Impacts of Increased US Gasoline Taxes."
American Economic Review,
99(3): 667-99.
DOI: 10.1257/aer.99.3.667
DOI: 10.1257/aer.99.3.667
Abstract
We examine the impacts of increased US gasoline taxes in a model that links
the markets for new, used, and scrapped vehicles and recognizes the considerable
heterogeneity among households and cars. Household choice parameters
derive from an estimation procedure that integrates individual choices for car
ownership and miles traveled. We find that each cent-per-gallon increase in the
price of gasoline reduces the equilibrium gasoline consumption by about 0.2
percent. Taking account of revenue recycling, the impact of a 25-cent gasoline
tax increase on the average household is about $30 per year (2001 dollars).
Distributional impacts depend importantly on how additional revenues from
the tax increase are recycled. (JEL D12, H22, H25, L62, L71)
Article Full-Text Access
Full-text Article
Additional Materials
Download Data Set (220.26 MB) | Online Appendix (158.19 KB)
Authors
Bento, Antonio M. (Cornell U)
Goulder, Lawrence H. (Stanford U)
Jacobsen, Mark R. (U CA, San Diego)
von Haefen, Roger H. (NC State U)
Goulder, Lawrence H. (Stanford U)
Jacobsen, Mark R. (U CA, San Diego)
von Haefen, Roger H. (NC State U)
JEL Classifications
D12: Consumer Economics: Empirical Analysis
H22: Taxation and Subsidies: Incidence
H25: Business Taxes and Subsidies including sales and value-added (VAT)
L62: Automobiles; Other Transportation Equipment
L71: Mining, Extraction, and Refining: Hydrocarbon Fuels
H22: Taxation and Subsidies: Incidence
H25: Business Taxes and Subsidies including sales and value-added (VAT)
L62: Automobiles; Other Transportation Equipment
L71: Mining, Extraction, and Refining: Hydrocarbon Fuels
