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Making wealth sharing more efficient in high-rent countries: the citizens’ income

Hertog, Steffen (2017) Making wealth sharing more efficient in high-rent countries: the citizens’ income. Energy Transitions. ISSN 2520-114X

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Identification Number: 10.1007/s41825-017-0007-2

Abstract

This paper argues that hydrocarbon producers with high rents per capita constitute a specific category in the broader universe of rent-dependent countries, facing a specific set of development challenges that are not shared by mid-rent countries. It surveys patterns of rent distribution in high-rent countries (HRCs), focusing on energy subsidies and excessive public employment, and argues that these result in declining energy efficiency and labor productivity as well as exclusion of nationals from the private labor market. It then proposes unconditional cash grants for HRC citizens in combination with subsidy and public employment reform as a mitigation strategy to minimize the HRC-specific distortive effects of rent distribution. It is shown that none of the conventional counterarguments to unconditional cash grants applies in the context of HRCs.

Item Type: Article
Official URL: https://link.springer.com/journal/41825
Additional Information: © 2017 The Authors
Divisions: Government
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HC Economic History and Conditions
Date Deposited: 16 Aug 2019 14:03
Last Modified: 16 Aug 2019 14:03
URI: http://eprints.lse.ac.uk/id/eprint/101305

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