What Do Economists Have to Say about the Clean Air Act 50 Years after the Establishment of the Environmental Protection Agency?
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AbstractAir quality in the United States has improved dramatically over the past 50 years in large part due to the introduction of the Clean Air Act and the creation of the Environmental Protection Agency to enforce it. This article is a reflection on the 50-year anniversary of the formation of the Environmental Protection Agency, describing what economic research says about the ways in which the Clean Air Act has shaped our society—in terms of costs, benefits, and important distributional concerns. We conclude with a discussion of how recent changes to both policy and technology present new opportunities for researchers in this area.
CitationCurrie, Janet, and Reed Walker. 2019. "What Do Economists Have to Say about the Clean Air Act 50 Years after the Establishment of the Environmental Protection Agency?" Journal of Economic Perspectives, 33 (4): 3-26. DOI: 10.1257/jep.33.4.3
- A11 Role of Economics; Role of Economists; Market for Economists
- K32 Energy, Environmental, Health, and Safety Law
- Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
- Q55 Environmental Economics: Technological Innovation
- Q58 Environmental Economics: Government Policy