https://macropaperwarehouse.com/authors/robert-w.-hahn/Robert W. HahnHugo -- gohugo.ioen-ushttps://macropaperwarehouse.com/papers/a-welfare-analysis-of-policies-impacting-climate-change/https://macropaperwarehouse.com/papers/a-welfare-analysis-of-policies-impacting-climate-change/<p>This paper extends and applies the marginal value of public funds (MVPF) framework to evaluate the welfare consequences of 96 climate-related tax and spending policies in the United States. The MVPF is a benefit-cost ratio in which the numerator captures all benefits to individuals (measured by their willingness to pay) and the denominator captures net government costs; policies with higher MVPFs are better spending policies, while those with lower MVPFs are more efficient revenue-raising instruments.</p>