Income inequality and willingness to pay for environmental public goods

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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Income inequality and willingness to pay for environmental public goods. / Baumgärtner, Stefan; Drupp, Moritz A.; Meya, Jasper N.; Munz, Jan M.; Quaas, Martin F.

in: Journal of Environmental Economics and Management, Jahrgang 85, 01.09.2017, S. 35-61.

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

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@article{6143671e6ade46169b4b5620b62be4ee,
title = "Income inequality and willingness to pay for environmental public goods",
abstract = "We study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods decreases (increases) with income inequality if and only if environmental goods and manufactured goods are substitutes (complements). We derive adjustment factors for benefit transfer to control for differences in income distributions between a study site and a policy site. For illustration, we quantify how social WTP for environmental public goods depends on the respective income distributions for empirical case studies in Sweden and the World at large. We find that the adjustment for income inequality can be substantial.",
keywords = "Benefit transfer, Environmental goods, Income distribution, Inequality, Public goods, Sustainability policy, Willingness to pay, Sustainability sciences, Management & Economics",
author = "Stefan Baumg{\"a}rtner and Drupp, {Moritz A.} and Meya, {Jasper N.} and Munz, {Jan M.} and Quaas, {Martin F.}",
year = "2017",
month = sep,
day = "1",
doi = "10.1016/j.jeem.2017.04.005",
language = "English",
volume = "85",
pages = "35--61",
journal = "Journal of Environmental Economics and Management",
issn = "0095-0696",
publisher = "Elsevier B.V.",

}

RIS

TY - JOUR

T1 - Income inequality and willingness to pay for environmental public goods

AU - Baumgärtner, Stefan

AU - Drupp, Moritz A.

AU - Meya, Jasper N.

AU - Munz, Jan M.

AU - Quaas, Martin F.

PY - 2017/9/1

Y1 - 2017/9/1

N2 - We study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods decreases (increases) with income inequality if and only if environmental goods and manufactured goods are substitutes (complements). We derive adjustment factors for benefit transfer to control for differences in income distributions between a study site and a policy site. For illustration, we quantify how social WTP for environmental public goods depends on the respective income distributions for empirical case studies in Sweden and the World at large. We find that the adjustment for income inequality can be substantial.

AB - We study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods decreases (increases) with income inequality if and only if environmental goods and manufactured goods are substitutes (complements). We derive adjustment factors for benefit transfer to control for differences in income distributions between a study site and a policy site. For illustration, we quantify how social WTP for environmental public goods depends on the respective income distributions for empirical case studies in Sweden and the World at large. We find that the adjustment for income inequality can be substantial.

KW - Benefit transfer

KW - Environmental goods

KW - Income distribution

KW - Inequality

KW - Public goods

KW - Sustainability policy

KW - Willingness to pay

KW - Sustainability sciences, Management & Economics

UR - http://www.scopus.com/inward/record.url?scp=85018749011&partnerID=8YFLogxK

U2 - 10.1016/j.jeem.2017.04.005

DO - 10.1016/j.jeem.2017.04.005

M3 - Journal articles

AN - SCOPUS:85018749011

VL - 85

SP - 35

EP - 61

JO - Journal of Environmental Economics and Management

JF - Journal of Environmental Economics and Management

SN - 0095-0696

ER -

DOI