NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Energy Cost Pass-Through in U.S. Manufacturing: Estimates and Implications for Carbon Taxes

Sharat Ganapati, Joseph S. Shapiro, Reed Walker

NBER Working Paper No. 22281
Issued in May 2016, Revised in July 2019

---- Acknowledgments ----

Previously circulated as “The Incidence of Carbon Taxes in U.S. Manufacturing: Lessons from Energy Cost Pass-Through.” We thank Joe Altonji, Antonio Bento, Ernesto dal B o, Severin Borenstein, Lucas Davis, David Donaldson, Penny Goldberg, Kostas Metaxoglou, Nate Miller, Jim Poterba, Jim Sallee, Glen Weyl, Danny Yagan and various seminar participants for useful comments and discussions. Funding from the Department of Energy, the National Science Foundation (SES-1850790), the Sloan Foundation, and the NBER is gratefully acknowledged. We would also like to thank Randy Becker, Cheryl Grim, and Kirk White for sharing code and data. Jonathan Kadish and Carla Johnston provided excellent research assistance. The research in this paper was conducted while the authors were Special Sworn Status researchers of the U.S. Census Bureau at the Berkeley and Yale Census Research Data Center. This paper has been screened to insure that no confidential data are revealed. Research results and conclusions expressed are those of the authors and do not necessarily reflect the views of the Census Bureau or the National Bureau of Economic Research. This paper has been screened to insure that no confidential data are revealed.

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