Joseph E. Aldy

Harvard Kennedy School

Assistant Professor of Public Policy

79 JFK Street

Cambridge, MA 02138

United States

http://www.hks.harvard.edu/about/faculty-staff-directory/joseph-aldy

National Bureau of Economic Research

Faculty Research Fellow

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Resources for the Future

Nonresident Fellow

1616 P Street, NW

Washington, DC 20036

United States

Harvard University - Harvard Kennedy School (HKS)

79 John F. Kennedy Street

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

34

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4,655

CITATIONS
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285

Scholarly Papers (34)

The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World

Harvard Law and Economics Discussion Paper No. 392
Number of pages: 127 Posted: 16 Dec 2002
W. Kip Viscusi and Joseph E. Aldy
Vanderbilt University - Law School and Harvard Kennedy School
Downloads 612 (41,042)
Citation 152

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The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World

NBER Working Paper No. w9487
Number of pages: 127 Posted: 13 Feb 2003 Last Revised: 28 Nov 2012
W. Kip Viscusi and Joseph E. Aldy
Vanderbilt University - Law School and Harvard Kennedy School
Downloads 206 (144,074)
Citation 152

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2.

Thirteen Plus One: A Comparison of Global Climate Policy Architectures

KSG Working Paper Series No. RWP03-012; FEEM Working Paper No. 64.2003
Number of pages: 39 Posted: 27 Apr 2003
Joseph E. Aldy, Scott Barrett and Robert N. Stavins
Harvard Kennedy School, Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) and Harvard University - Harvard Kennedy School (HKS)
Downloads 749 (31,766)
Citation 38

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Policy architecture, Kyoto Protocol, Efficiency, Cost effectiveness, Equity, Participation, Compliance

The Promise and Problems of Pricing Carbon: Theory and Experience

Journal of Environment and Development, Forthcoming, Harvard Institute of Economic Research Discussion Paper , HKS Working Paper
Number of pages: 26 Posted: 29 Oct 2011
Joseph E. Aldy and Robert N. Stavins
Harvard Kennedy School and Harvard University - Harvard Kennedy School (HKS)
Downloads 186 (158,582)

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global climate change, market-based instruments, carbon pricing, carbon taxes, cap-and-trade, emission reduction credits, energy subsidies, clean energy standards

The Promise and Problems of Pricing Carbon: Theory and Experience

FEEM Working Paper No. 82.2011
Number of pages: 31 Posted: 18 Jan 2012
Joseph E. Aldy and Robert N. Stavins
Harvard Kennedy School and Harvard University - Harvard Kennedy School (HKS)
Downloads 154 (187,267)

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Global Climate Change, Market-Based Instruments, Carbon Pricing, Carbon Taxes, Cap-and-Trade, Emission Reduction Credits, Energy Subsidies, Clean Energy Standards

The Promise and Problems of Pricing Carbon: Theory and Experience

HKS Working Paper No. RWP11-041
Number of pages: 27 Posted: 12 Dec 2011
Joseph E. Aldy and Robert N. Stavins
Harvard Kennedy School and Harvard University - Harvard Kennedy School (HKS)
Downloads 66 (336,461)

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global climate change, market‐based instruments, carbon pricing, carbon taxes, cap‐and‐trade, emission reduction credits, energy subsidies, clean energy standards

The Promise and Problems of Pricing Carbon: Theory and Experience

NBER Working Paper No. w17569
Number of pages: 26 Posted: 04 Nov 2011 Last Revised: 08 Nov 2011
Joseph E. Aldy and Robert N. Stavins
Harvard Kennedy School and Harvard University - Harvard Kennedy School (HKS)
Downloads 27 (484,608)

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4.
Downloads 221 (135,005)
Citation 13

Age Variations in Workers' Value of Statistical Life

Harvard Law and Economics Discussion Paper No. 468
Number of pages: 57 Posted: 19 Oct 2004
Joseph E. Aldy and W. Kip Viscusi
Harvard Kennedy School and Vanderbilt University - Law School
Downloads 173 (169,343)
Citation 13

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value of life, job risks, hedonic wage regression, VSLY

Age Variations in Workers' Value of Statistical Life

NBER Working Paper No. w10199
Number of pages: 53 Posted: 04 Jan 2004 Last Revised: 28 Nov 2012
Joseph E. Aldy and W. Kip Viscusi
Harvard Kennedy School and Vanderbilt University - Law School
Downloads 48 (393,036)
Citation 13

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5.

A Tax-Based Approach to Slowing Global Climate Change

RFF Discussion Paper 08-26
Number of pages: 37 Posted: 20 Aug 2008 Last Revised: 12 May 2013
Joseph E. Aldy, Eduardo Ley and Ian W. H. Parry
Harvard Kennedy School, World Bank and Resources for the Future
Downloads 218 (136,782)
Citation 7

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global climate change, CO2 tax, cap-and-trade, policy design

6.
Downloads 201 (147,648)
Citation 12

Designing Climate Mitigation Policy

RFF Discussion Paper No. 08-16
Number of pages: 53 Posted: 23 May 2009 Last Revised: 17 May 2014
Harvard Kennedy School, Resources for the Future, Duke University - Nicholas School of Environment, Resources for the Future and Duke University
Downloads 129 (216,574)
Citation 12

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global warming damages, mitigation cost, climate policy, instrument choice, technology policy

Designing Climate Mitigation Policy

NBER Working Paper No. w15022
Number of pages: 52 Posted: 03 Jun 2009 Last Revised: 20 Jul 2010
Harvard Kennedy School, Resources for the Future, Duke University - Nicholas School of Environment, Resources for the Future and Duke University
Downloads 72 (320,610)
Citation 12

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Age Differences in the Value of Statistical Life: Revealed Preference Evidence

RFF Discussion Paper No. 07-05
Number of pages: 31 Posted: 12 Apr 2007 Last Revised: 27 Nov 2012
Joseph E. Aldy and W. Kip Viscusi
Harvard Kennedy School and Vanderbilt University - Law School
Downloads 161 (181,255)
Citation 14

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value of statistical life, VSL, value of statistical life year, risk

Age Differences in the Value of Statistical Life: Revealed Preference Evidence

Review of Environmental Economics and Policy, Vol. 1, Issue 2, pp. 241-260, 2007
Posted: 27 Oct 2008
Joseph E. Aldy and W. Kip Viscusi
Harvard Kennedy School and Vanderbilt University - Law School

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8.

Per Capita Carbon Dioxide Emissions: Convergence or Divergence?

Resources for the Future Discussion Paper No. 05-53
Number of pages: 35 Posted: 07 Feb 2006
Joseph E. Aldy
Harvard Kennedy School
Downloads 158 (183,017)
Citation 9

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Emissions distributions, environmental Kuznets curve, Markov transition matrix

9.

Adjusting the Value of a Statistical Life for Age and Cohort Effects

Vanderbilt Law and Economics Research Paper No. 08-01, Resources for the Future Discussion Paper No. 06-19
Number of pages: 31 Posted: 26 Apr 2006 Last Revised: 27 Nov 2012
Joseph E. Aldy and W. Kip Viscusi
Harvard Kennedy School and Vanderbilt University - Law School
Downloads 156 (184,907)
Citation 17

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Value of statistical life, job risks, hedonic wage regression, VSLY

10.

Issues in Designing U.S. Climate Change Policy

RFF Discussion Paper No. 08-20
Number of pages: 39 Posted: 27 Feb 2009
Joseph E. Aldy and William A. Pizer
Harvard Kennedy School and Duke University
Downloads 152 (189,031)
Citation 3

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cap-and-trade, carbon tax, cost containment, competitiveness

11.

A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy Package

Resources for the Future Discussion Paper No. 12-03
Number of pages: 30 Posted: 18 Jan 2012
Joseph E. Aldy
Harvard Kennedy School
Downloads 148 (193,291)

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economic stimulus, tax credits, energy loan guarantees, climate change, renewable energy

12.

Risk Regulation Lessons from Mad Cows

Foundations and Trends in Microeconomics, Forthcoming, Vanderbilt Law and Economics Research Paper No. 13-34, HKS Working Paper No. 13-047
Number of pages: 86 Posted: 21 Nov 2013 Last Revised: 16 Dec 2013
Joseph E. Aldy and W. Kip Viscusi
Harvard Kennedy School and Vanderbilt University - Law School
Downloads 141 (200,910)

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mad cow disease, Creutzfeldt-Jacob Disease, vCJD, food safety, regulation, bovine spongiform encephalopathy, BSE, beef, meat safety

Using the Market to Address Climate Change: Insights from Theory and Experience

FEEM Working Paper No. 73.2011, HKS Working Paper No. RWP11-038
Number of pages: 33 Posted: 21 Nov 2011 Last Revised: 06 Dec 2011
Joseph E. Aldy and Robert N. Stavins
Harvard Kennedy School and Harvard University - Harvard Kennedy School (HKS)
Downloads 94 (272,017)

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global climate change, market-based instruments, carbon pricing, carbon taxes, cap-and-trade, clean energy standards

Using the Market to Address Climate Change: Insights from Theory and Experience

NBER Working Paper No. w17488
Number of pages: 27 Posted: 08 Oct 2011
Joseph E. Aldy and Robert N. Stavins
Harvard Kennedy School and Harvard University - Harvard Kennedy School (HKS)
Downloads 17 (546,045)

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14.

Labor Market Estimates of the Senior Discount for the Value of Statistical Life

Resources for the Future Discussion Paper No. 06-12
Number of pages: 35 Posted: 02 Mar 2006
W. Kip Viscusi and Joseph E. Aldy
Vanderbilt University - Law School and Harvard Kennedy School
Downloads 110 (242,744)
Citation 7

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value of statistical life, job risks, senior discount, compensating differentials

15.

Energy and Carbon Dynamics at Advanced Stages of Development: An Analysis of the U.S. States, 1960-1999

RFF Discussion Paper No. 06-13
Number of pages: 28 Posted: 17 May 2006 Last Revised: 26 May 2014
Joseph E. Aldy
Harvard Kennedy School
Downloads 107 (247,555)

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Engel curve, environmental Kuznets curve, cubic spline, Kaya identity

Comparing Emissions Mitigation Efforts Across Countries

Center for Global Development Working Paper No. 419
Number of pages: 20 Posted: 02 Dec 2015
William A. Pizer, Joseph E. Aldy and Keigo Akimoto
Duke University, Harvard Kennedy School and Research Institute of Innovative Technology for the Earth
Downloads 49 (389,398)

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climate change, emissions mitigation, climate pledges, evaluation, climate change policy

Comparing Emissions Mitigation Efforts Across Countries

Resources for the Future Discussion Paper 15-32
Number of pages: 21 Posted: 14 Jul 2015
Joseph E. Aldy, William A. Pizer and Keigo Akimoto
Harvard Kennedy School, Duke University and Research Institute of Innovative Technology for the Earth
Downloads 43 (411,601)

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emissions mitigation, international environmental agreements, modeling analysis, reciprocity, policy surveillance, intended nationally determined contributions

Designing and Updating a US Carbon Tax in an Uncertain World

HKS Working Paper No. RWP1 7-0 01
Number of pages: 25 Posted: 02 Feb 2017 Last Revised: 09 Mar 2017
Joseph E. Aldy
Harvard Kennedy School
Downloads 45 (403,973)

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carbon tax, nationally determined contributions, international environmental agreements, retrospective review

Designing and Updating a US Carbon Tax in an Uncertain World

Resources for the Future Discussion Paper 17-01
Number of pages: 21 Posted: 07 Apr 2017
Joseph E. Aldy
Harvard Kennedy School
Downloads 25 (496,302)

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carbon tax, nationally determined contributions, international environmental agreements, retrospective review

Designing and Updating a US Carbon Tax in an Uncertain World

Resources for the Future Discussion Paper No. 17-01
Number of pages: 25 Posted: 17 Feb 2017 Last Revised: 14 Mar 2017
Joseph E. Aldy
Harvard Kennedy School
Downloads 16 (552,392)

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Carbon Tax, Nationally Determined Contributions, International Environmental Agreements, Retrospective Review

The Competitiveness Impacts of Climate Change Mitigation Policies

Duke Environmental Economics Working Paper No. 12-01
Number of pages: 44 Posted: 20 Jan 2012
Joseph E. Aldy and William A. Pizer
Harvard Kennedy School and Duke University
Downloads 70 (325,755)
Citation 7

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The Competitiveness Impacts of Climate Change Mitigation Policies

NBER Working Paper No. w17705
Number of pages: 39 Posted: 31 Dec 2011 Last Revised: 02 Jan 2012
Joseph E. Aldy and William A. Pizer
Harvard Kennedy School and Duke University
Downloads 13 (571,786)
Citation 7

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19.

Frameworks for Evaluating Policy Approaches to Address the Competitiveness Concerns of Mitigating Greenhouse Gas Emissions

Resources for the Future Discussion Paper 16-06
Number of pages: 30 Posted: 28 Feb 2016
Joseph E. Aldy
Harvard Kennedy School
Downloads 67 (329,727)

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border tax, tariffs, leakage, competitiveness, political economy

20.

Divergence in State-Level Per Capita Carbon Dioxide Emissions

Resources for the Future Discussion Paper No. 06-07
Number of pages: 27 Posted: 07 Feb 2006
Joseph E. Aldy
Harvard Kennedy School
Downloads 63 (340,452)
Citation 5

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Markov chain transition matrix, sigma convergence, stochastic convergence, emissions distributions

21.

Evaluating Mitigation Effort: Tools and Institutions for Assessing Nationally Determined Contributions

HKS Working Paper No. 068
Number of pages: 57 Posted: 17 Nov 2015
Joseph E. Aldy
Harvard Kennedy School
Downloads 53 (370,027)

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Climate Change, Environmental Policy, International Economics, Climate Science

22.

Comparability of Effort in International Climate Policy Architecture

HKS Working Paper No. RWP14-006
Number of pages: 61 Posted: 16 Jun 2014
Joseph E. Aldy and William A. Pizer
Harvard Kennedy School and Duke University
Downloads 49 (382,812)

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climate change, climate policy

23.

Designing a Bretton Woods Institution to Address Climate Change

HKS Working Paper No. RWP12-017
Number of pages: 29 Posted: 20 Mar 2013
Joseph E. Aldy
Harvard Kennedy School
Downloads 43 (403,752)

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climate change

24.

Comparing Emission Mitigation Effort

Number of pages: 23 Posted: 25 Jun 2015
Joseph E. Aldy, William A. Pizer and Keigo Akimoto
Harvard Kennedy School, Duke University and Research Institute of Innovative Technology for the Earth
Downloads 42 (407,390)

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emission mitigation, international environmental agreements, modeling analysis, reciprocity, policy surveillance, intended nationally determined contributions

25.
Downloads 42 (407,390)
Citation 1

Heterogeneity in the Value of Life

Resources for the Future Discussion Paper No. 14-13
Number of pages: 43 Posted: 23 May 2014
Joseph E. Aldy and Seamus John Smyth
Harvard Kennedy School and Caxton Associates, L.L.C.
Downloads 34 (449,322)
Citation 1

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value of statistical life, mortality risk reduction, income elasticity

Heterogeneity in the Value of Life

NBER Working Paper No. w20206
Number of pages: 43 Posted: 16 Jun 2014
Joseph E. Aldy and Seamus Smyth
Harvard Kennedy School and Caxton Associates, L.L.C.
Downloads 8 (604,614)
Citation 1

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Investment Versus Output Subsidies: Implications of Alternative Incentives for Wind Energy

HKS Working Paper No. RWP18-012
Number of pages: 41 Posted: 06 Mar 2018
Joseph E. Aldy, Todd Gerarden and Richard Sweeney
Harvard Kennedy School, Cornell Dyson School of Applied Economics and Management and Boston College - Department of Economics
Downloads 25 (496,302)

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tax credits, energy subsidies, instrument choice

Investment Versus Output Subsidies: Implications of Alternative Incentives for Wind Energy

NBER Working Paper No. w24378
Number of pages: 50 Posted: 08 Apr 2019
Joseph E. Aldy, Todd Gerarden and Richard Sweeney
Harvard Kennedy School, Cornell Dyson School of Applied Economics and Management and Boston College - Department of Economics
Downloads 1 (664,922)
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27.

The Crucial Role of Policy Surveillance in International Climate Policy

Resources for the Future Discussion Paper 14-29
Number of pages: 23 Posted: 14 Dec 2014
Joseph E. Aldy
Harvard Kennedy School
Downloads 25 (481,933)

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policy surveillance, climate agreements, monitoring, reporting, compliance

The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies

HKS Working Paper No. RWP17-047
Number of pages: 61 Posted: 13 Dec 2017
Sébastien Houde and Joseph E. Aldy
ETH Zurich and Harvard Kennedy School
Downloads 17 (546,045)

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energy fiscal policies, behavioral taxation, demand estimation, durables

The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies

CER-ETH – Center of Economic Research at ETH Zurich Working Paper 17/282
Number of pages: 64 Posted: 08 Dec 2017
Sébastien Houde and Joseph E. Aldy
ETH Zurich and Harvard Kennedy School
Downloads 4 (632,041)

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Energy Fiscal Policies, Behavioral Taxation, Demand Estimation, Durables

The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies

NBER Working Paper No. w24103
Number of pages: 61 Posted: 16 Dec 2017 Last Revised: 08 Jan 2018
Sébastien Houde and Joseph E. Aldy
ETH Zurich and Harvard Kennedy School
Downloads 3 (640,372)
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29.

Transparency, Policy Surveillance, and the Comparison of Mitigation Efforts

Resources for the Future Discussion Paper 16-46
Number of pages: 40 Posted: 30 Nov 2016
Joseph E. Aldy, William A. Pizer and Keigo Akimoto
Harvard Kennedy School, Duke University and Research Institute of Innovative Technology for the Earth
Downloads 19 (515,412)

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Emissions Mitigation, International Environmental Agreements, Modeling Analysis, Policy Surveillance, Comparability of Effort, Nationally Determined Contributions

30.

Policy Surveillance in the G-20 Fossil Fuel Subsidies Agreement: Lessons for Climate Policy

FEEM Working Paper No. 83.2015
Number of pages: 29 Posted: 15 Jan 2016
Joseph E. Aldy
Harvard Kennedy School
Downloads 18 (521,099)

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Transparency, Pledge and Review, International Environmental Agreements

The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium

Resources for the Future Discussion Paper 14-27
Number of pages: 46 Posted: 14 Dec 2014
Joseph E. Aldy
Harvard Kennedy School
Downloads 11 (584,892)

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oil spill, employment, wages, economic shocks

The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium

NBER Working Paper No. w20409
Number of pages: 46 Posted: 25 Aug 2014
Joseph E. Aldy
Harvard Kennedy School
Downloads 7 (611,206)

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Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments

Resources for the Future Discussion Paper 14-34
Number of pages: 60 Posted: 14 Dec 2014
Sébastien Houde and Joseph E. Aldy
ETH Zurich and Harvard Kennedy School
Downloads 10 (591,430)

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Subsidies, Energy Efficiency, ENERGY STAR, Stimulus

Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments

NBER Working Paper No. w20541
Number of pages: 60 Posted: 06 Oct 2014 Last Revised: 02 Nov 2014
Sébastien Houde and Joseph E. Aldy
ETH Zurich and Harvard Kennedy School
Downloads 5 (624,819)

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Birds of a Feather: Estimating the Value of Statistical Life from Dual-Earner Families

HKS Working Paper No. RWP19-013
Number of pages: 30 Posted: 12 Apr 2019
Joseph E. Aldy
Harvard Kennedy School
Downloads 4 (632,041)

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compensating differentials, assortative matching, mortality risk, hedonic analysis

Birds of a Feather: Estimating the Value of Statistical Life from Dual-Earner Families

NBER Working Paper No. w25708
Number of pages: 29 Posted: 01 Apr 2019
Joseph E. Aldy
Harvard Kennedy School
Downloads 1 (664,922)
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34.

Learning from Nationally Determined Contributions

CEPR Discussion Paper No. DP12757
Number of pages: 40 Posted: 06 Mar 2018
Research Institute of Innovative Technology for the Earth, Harvard Kennedy School, CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici, Fondazione Eni Enrico Mattei (FEEM), Duke University and Fondazione Eni Enrico Mattei (FEEM)
Downloads 1 (633,216)
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comparability of effort, Emissions mitigation, international environmental agreements, modeling analysis, nationally determined contributions