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Aldy, Joseph E.

Works: 51 works in 183 publications in 2 languages and 2,247 library holdings
Roles: Author, Editor, Thesis advisor
Classifications: QC903, 363.73874526
Publication Timeline
Publications about Joseph E Aldy
Publications by Joseph E Aldy
Most widely held works by Joseph E Aldy
Architectures for agreement : addressing global climate change in the post-Kyoto world ( Book )
12 editions published between 2007 and 2012 in English and held by 340 libraries worldwide
Presents a range of options for international climate policy. Highly topical analysis of the debate over possible successors to the Kyoto agreement
Post-Kyoto international climate policy : summary for policymakers by Joseph E Aldy( Book )
11 editions published in 2009 in English and German and held by 249 libraries worldwide
The Harvard Project on International Climate Agreements seeks to identify key design elements of a scientifically sound, economically rational, and politically pragmatic post-2012 international policy architecture for global climate change. It draws upon leading thinkers from academia, private industry, government, and non-governmental organizations from around the world to construct a small set of promising policy frameworks and then disseminate and discuss the design elements and frameworks with decision-makers. The Project is directed by Robert N. Stavins, Albert Pratt Professor of Business and Government, John F. Kennedy School of Government, Harvard University. For more information, see the Project's website:
Post-Kyoto international climate policy : implementing architectures for agreement : research from the Harvard Project on International Climate Agreements by Joseph E Aldy( Book )
16 editions published between 2009 and 2010 in English and German and held by 243 libraries worldwide
"Research from the Harvard Project on International Climate Agreements."
The value of a statistical life : a critical review of market estimates throughout the world by W. Kip Viscusi( Book )
14 editions published between 2002 and 2003 in English and held by 63 libraries worldwide
A substantial literature over the past thirty years has evaluated tradeoffs between money and fatality risks. These values in turn serve as estimates of the value of a statistical life. This article reviews more than 60 studies of mortality risk premiums from ten countries and approximately 40 studies that present estimates of injury risk premiums. This critical review examines a variety of econometric issues, the role of unionization in risk premiums, and the effects of age on the value of a statistical life. Our meta-analysis indicates an income elasticity of the value of a statistical life from about 0.5 to 0.6. The paper also presents a detailed discussion of policy applications of these value of a statistical life estimates and related issues, including risk-risk analysis
Age variations in workers' value of statistical life by Joseph E Aldy( Book )
14 editions published between 2003 and 2004 in English and held by 53 libraries worldwide
This paper develops a life-cycle model in which workers choose both consumption levels and job fatality risks, implying that the effect of age on the value of life is ambiguous. The empirical analysis of this relationship uses novel, age-dependent fatal and nonfatal risk variables. Workers' value of statistical life exhibits an inverted U-shaped relationship over workers' life cycle based on hedonic wage model estimates, age-specific hedonic wage estimates, and a minimum distance estimator. The value of statistical life for a 60-year old ranges from $2.5 million to $3.0 million -- less than half the value for 30 to 40-year olds
Green technologies for a more sustainable agriculture by James Hrubovcak( Book )
5 editions published in 1999 in English and held by 39 libraries worldwide
Beyond Kyoto : advancing the international effort against global climate change by Joseph E Aldy( Book )
5 editions published between 2002 and 2004 in English and held by 22 libraries worldwide
The promise and problems of pricing carbon : theory and experience by Joseph E Aldy( Book )
10 editions published between 2011 and 2012 in English and held by 14 libraries worldwide
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases. Due to the ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among individual sources, conventional environmental policy approaches, such as uniform technology and performance standards, are unlikely to be sufficient to the task. Therefore, attention has increasingly turned to market-based instruments in the form of carbon-pricing mechanisms. We examine the opportunities and challenges associated with the major options for carbon pricing: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions
Designing climate mitigation policy by Joseph E Aldy( Book )
8 editions published in 2009 in English and held by 12 libraries worldwide
This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling together key findings and controversies from diverse literatures on mitigation costs, damage valuation, policy instrument choice, technological innovation, and international climate policy. We begin with the broadest issue of how high assessments suggest the near and medium term price on greenhouse gases would need to be, both under cost-effective stabilization of global climate and under net benefit maximization or Pigouvian emissions pricing. The remainder of the paper focuses on the appropriate scope of regulation, issues in policy instrument choice, complementary technology policy, and international policy architectures
The competitiveness impacts of climate change mitigation policies by Joseph E Aldy( Book )
12 editions published between 2009 and 2015 in English and held by 11 libraries worldwide
In order to clarify ongoing debates over the competitiveness impacts of climate change regulation, we develop a precise definition that can be estimated with available domestic production, trade, and energy price data. We use this definition and a 20+ year panel of 400+ U.S. manufacturing industries to estimate and predict the effects a U.S.-only $15 per ton CO2 price. We find competitiveness effects on the order of a 1.0 to 1.3 percent decline in production among energy-intensive manufacturing industries, representing about one-third of the policy's impacts on these firms' output -- National Bureau of Economic Research web site
Using the market to address climate change : insights from theory and experience by Joseph E Aldy( Book )
9 editions published in 2011 in English and held by 9 libraries worldwide
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual consumption, business investment, and government spending. An effective climate policy will have to modify the decision calculus for these activities in the direction of more efficient generation and use of energy, lower carbon-intensity of energy, and - more broadly - a more carbon-lean economy. The only approach to doing this on a meaningful scale that would be technically feasible and cost-effective is carbon pricing, that is, market-based climate policies that place a shadow-price on carbon dioxide emissions. We examine alternative designs of three such instruments - carbon taxes, cap-and-trade, and clean energy standards. We note that the U.S. political response to possible market-based approaches to climate policy has been and will continue to be largely a function of issues and structural factors that transcend the scope of environmental and climate policy
Risk regulation lessons from mad cows by Joseph E Aldy( Book )
4 editions published between 2012 and 2013 in English and held by 8 libraries worldwide
Thirteen plus one : a comparison of global climate policy architectures by Joseph E Aldy( Book )
6 editions published in 2003 in English and held by 7 libraries worldwide
Age variations in workers' value of a statistical life by Joseph E Aldy( Book )
2 editions published in 2004 in English and held by 6 libraries worldwide
Belt and Suspenders and More the Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments by Sébastien Houde( Book )
6 editions published in 2014 in English and held by 4 libraries worldwide
The effectiveness of investment subsidies depends on the existing array of regulatory and information mandates, especially in the energy efficiency space. Some consumers respond to information disclosure by purchasing energy-efficient durables (and thus may increase the inframarginal take-up of a subsequent subsidy), while other consumers may locate at the lower bound of a minimum efficiency standard (and a given subsidy may be insufficient to change their investment toward a more energy-efficient option). We investigate the incremental impact of energy efficiency rebates in the context of regulatory and information mandates by evaluating the State Energy Efficient Appliance Rebate Program (SEEARP) implemented through the 2009 American Recovery and Reinvestment Act. The design of the program -- Federal funds allocated to states on a per capita basis with significant discretion in state program design and implementation -- facilitates our empirical analysis. Using transaction-level data on appliance sales, we show that most program participants were inframarginal due to important short-term intertemporal substitutions where consumers delayed their purchases by a few weeks. We find evidence that some consumers accelerated the replacement of their old appliances by a few years, but overall the impact of the program on long-term energy demand is likely to be very small. Our estimated measures of cost-effectiveness are an order of magnitude higher than estimated for other energy efficiency programs in the literature. We also show that designing subsidies that reflect, in part, underlying attribute-based regulatory mandates can result in perverse effects, such as upgrading to larger, less energy-efficient models
Essays in environmental economics by Joseph E Aldy( Archival Material )
2 editions published in 2005 in English and held by 4 libraries worldwide
Heterogeneity in the value of life by Joseph E Aldy( Book )
5 editions published in 2014 in English and held by 3 libraries worldwide
We develop a numerical life-cycle model with choice over consumption and leisure, stochastic mortality and labor income processes, and calibrated to U.S. data to characterize willingness to pay (WTP) for mortality risk reduction. Our theoretical framework can explain many empirical findings in this literature, including an inverted-U life-cycle WTP and an order of magnitude difference in prime-aged adults WTP. By endogenizing leisure and employing multiple income measures, we reconcile the literature's large variation in estimated income elasticities. By accounting for gender- and race-specific stochastic mortality and income processes, we explain the literature's black-white and female-male differences
The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium by Joseph E Aldy( Book )
5 editions published in 2014 in English and held by 3 libraries worldwide
In 2010, the Gulf Coast experienced the largest oil spill, the greatest mobilization of spill response resources, and the first Gulf-wide deepwater drilling moratorium in U.S. history. Taking advantage of the unexpected nature of the spill and drilling moratorium, I estimate the net effects of these events on Gulf Coast employment and wages. Despite predictions of major job losses in Louisiana - resulting from the spill and the drilling moratorium - I find that Louisiana coastal parishes, and oil-intensive parishes in particular, experienced a net increase in employment and wages. In contrast, Gulf Coast Florida counties, especially those south of the Panhandle, experienced a decline in employment. Analysis of accommodation industry employment and wage, business establishment count, sales tax, and commercial air arrival data likewise show positive economic activity impacts in the oil-intensive coastal parishes of Louisiana and reduced economic activity along the Non-Panhandle Florida Gulf Coast
Post-Kyoto international climate policy ( Book )
3 editions published in 2009 in English and held by 1 library worldwide
The Harvard Project on International Climate Agreements is a global, multi-disciplinary effort intended to help identify the key design elements of a scientifically sound, economically rational, and politically pragmatic post-2012 international policy architecture for addressing the threat of climate change. It has commissioned leading scholars to examine a uniquely wide range of core issues that must be addressed if the world is to reach an effective agreement on a successor regime to the Kyoto Protocol. The purpose of the project is not to become an advocate for any single policy but to present the best possible information and analysis on the full range of options concerning mitigation, adaptation, technology, and finance. The detailed findings of the Harvard Project are reported in this volume, which contains twenty-seven specially commissioned chapters. A companion volume summarizing the main findings of this research is published separately as Post-Kyoto International Climate Policy: Summary for Policymakers
Risk Regulation Lessons from Mad Cows by Joseph E Aldy( file )
1 edition published in 2013 in English and held by 0 libraries worldwide
The mad cow disease crisis in the United Kingdom (U.K.) was a major policy disaster. The government and public health officials failed to identify the risk to humans, created tremendous uncertainty regarding the human risks once they were identified, and undertook a series of policies that undermined public trust. In contrast, the mad cow disease risk never became a major problem in the United States (U.S.). The lead time that the U.S. had in responding to the disease that was first identified in the U.K. assisted in planning the policy response to avert a crisis. The absence of a comparable U.S. crisis, however, does not imply that the U.S. risk management approach was a success. Until recently, there was no systematic assessment of the domestic risks of mad cow disease. Moreover, U.S. government agencies have never undertaken a comprehensive assessment of the benefits and costs of any U.S. regulation dealing with mad cow disease. The absence of a sound economic basis for policy is reflected in the United States Department of Agriculture's (USDA) ill-considered decision to prohibit the private testing of beef for mad cow disease. This decision disadvantaged companies that sought such testing in order to comply with foreign testing regulations. In the absence of such testing, U.S. beef exports plummeted. One company that attempted to implement a testing program launched a legal challenge to the USDA prohibition and was unsuccessful. The policy failures in both the U.K. and the U.S. provide several lessons for regulating invasive species risks and dealing with emerging risks more generally. We conclude with a series of ten public policy lessons for dealing with similar emerging risks
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Associated Subjects
Age and employment BP Deepwater Horizon Explosion and Oil Spill (2010) Carbon dioxide mitigation--Economic aspects Carbon taxes Climatic changes Climatic changes--Economic aspects Climatic changes--Effect of human beings on Climatic changes--Forecasting Climatic changes--Government policy Climatic changes--International cooperation Climatic changes--Risk assessment Conference of the Parties (United Nations Framework Convention on Climate Change) Conservation tillage Consumers--Attitudes Economics Emissions trading Energy development--Environmental aspects Energy policy--Economic aspects Energy policy--Environmental aspects Environmental economics Environmental law, International Environmental policy Environmental policy--International cooperation Environmental protection--International cooperation Environmental sciences Global warming Global warming--Law and legislation Greenhouse effect, Atmospheric Greenhouse effect, Atmospheric--Economic aspects Greenhouse gases--Environmental aspects Greenhouse gases--Government policy--International cooperation Greenhouse gas mitigation Greenhouse gas mitigation--International cooperation Green technology Gulf of Mexico Hazardous occupations Health risk assessment Industrial safety--Cost effectiveness Life cycle, Human Life span, Productive--Mathematical models Management Nature--Effect of human beings on Oil spills--Economic aspects Pests--Integrated control Precision farming Social values Sustainable agriculture United Nations Framework Convention on Climate Change (1992 May 9) United States United States--Gulf Coast
Alternative Names
Aldy, Joseph E.
Aldy, Joseph Edgar
English (148)
German (2)
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