• Any Words
    All Words

CLEAR Economics: State-Level Impacts of the Carbon Limits and Energy for America's Renewal Act

James K. Boyce and Matthew Riddle have updated earlier anlysis that examines the household-level impacts of a cap-and-dividend plan, and how they differ between states. In this paper, the authors not only consider the specific parameters of the 2010 CLEAR Act, but also add an assessment of the state-by-state job creation that would have resulted from the bill.

Boyce & Riddle find that interstate differences in the bill’s impact on household incomes would have been small: much smaller than differences across the income spectrum, and vastly smaller than the differences in other federal programs, such as defense spending. As a result, the CLEAR Act would have delivered positive net benefits to the majority of households in every state. Where there are interstate differences, Boyce & Riddle suggest ways in which the CLEAR Act could have been modified to eliminate them altogether.

Revised July 2011

umass seal

This is an official web page
of the University of Massachusetts.

Political Economy Research Institute

Gordon Hall, 418 N. Pleasant St., Suite A

Amherst, MA 01002
Tel: 413-545-6355 Fax: 413-577-0261