Don Fullerton

Don Fullerton

Gutgsell Professor of Finance and Institute of Government & Public Affairs Scholar

  • Email

Contact

4030 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-244-3621

dfullert@illinois.edu

Homepage

Listings

Educational Background

  • Ph.D., Economics, University of California at Berkeley, 1978
  • M.A., Economics, University of California at Berkeley, 1976
  • B.A., Economics, Cornell University, 1974

Positions Held

  • Institute of Government & Public Affairs Scholar, Institute of Government and Public Affairs, University of Illinois, 2018 to present
  • Nannerl O. Keohane Distinguished Visiting Professorship, University of North Carolina (Chapel Hill) and Duke University (Durham) North Carolina, Spring, 2015
  • Associate Director, IGPA, University of Illinois, 2013-2016
  • Visiting Fellow, Bren School of the Environment, U.C. Santa Barbara, 2013
  • Gutgsell Professor, Department of Finance and Institute of Government and Public Affairs (IGPA), University of Illinois at Urbana-Champaign, 2008 to present
  • Deputy Assistant Secretary (Tax Analysis), U.S. Treasury Department, Washington DC, 1985-1987

Recent Publications

  • Probst, K., Fullerton, D., Litan, R., & Portney, P. Forthcoming. Footing the Bill for Superfund Cleanups: Who Pays and How? Washington, DC: Brookings Institution and Resources for the Future.
  • Fullerton, D., Konar, M., & Reif, J. Forthcoming. Illinois' Climate is Changing. Illinois Issues,.
  • Fullerton, D., & Mast, B. Forthcoming. Income Redistribution from Social Security. Washington, DC: American Enterprise Institute Press.
  • Fullerton, D., & West, S. Forthcoming. Public Finance Solutions to Vehicle Emissions Problems in California. Berkeley, CA: The B.E. Press.
  • Fullerton, D. Forthcoming. The Distributional Effects of Environmental and Energy Policy. Aldershot, UK: Ashgate Publishers.
  • Fullerton, D., & Karney, D. (2018). Multiple Pollutants, Co-Benefts, and Suboptimal Environmental Policies. Journal of Environmental Economics and Management, 87 (1), 52-71.
  • Fullerton, D., & Ta, C. (2017). Public Finance in a Nutshell: A Cobb Douglas Teaching Tool for General Equilibrium Tax Incidence and Excess Burden. National Tax Journal, 70 (1), 155-170.
  • Fullerton, D., Nafari, K., & Reif, J. (2016). Gas Taxes in Illinois: Efficiency and Distributional Effects. State Tax Notes,.

Other Publications

Article

  • Fullerton, D., Konar, M., & Reif, J. (2015). Francis' Call for Action on Climate Change is Opportunity for Illinois. Crain's Chicago Business,.
  • Fullerton, D., Konar, M., & Reif, J. (2015). To Pay for Illinois Road Improvements, Think Like a Business. The State Journal-Register,.
  • Fullerton, D., Konar, M., & Reif, J. (2015). Cashing in on Cutting Carbon: U.S. Clean Carbon Plan Gives Illinois a Chance for Significant State Revenue". Illinois Issues,.
  • Fullerton, D., Gan, L., & Hattori, M. (2015). A Model to Evaluate Vehicle Emission Incentive Policies in Japan. Environmental Economics and Policy Studies, 17 (1), 79-108.
  • Fullerton, D., & Reif, J. (2014). Gas tax may hurt Illinois more than it helps. The State Journal-Register,.
  • Baylis, K., Fullerton, D., & Karney, D. (2014). Negative Leakage. Journal of the Association of Environmental and Resource Economists, 1 (1&2), 51-73.
  • Elliott, J., & Fullerton, D. (2014). Can a Unilateral Carbon Tax Reduce Emissions Elsewhere? Resource and Energy Economics, 36 (1), 6-21.
  • Fullerton, D., & Monti, H. (2013). Can Pollution Tax Rebates Protect Low-Wage Earners? Journal of Environmental Economics and Management, 66 (3),
  • Feng, Y., Fullerton, D., & Gan, L. (2013). Vehicle Choices, Miles Driven, and Pollution Policies. Journal of Regulatory Economics, 44 (1),
  • Baylis, K., Fullerton, D., & Karney, D. (2013). Leakage, Welfare, and Cost-Effectiveness of Carbon Policy. American Economic Review,.
  • Fullerton, D., Heutel, G., & Metcalf, G. (2012). Does the Indexing of Government Transfers Make Carbon Pricing Progressive? American Journal of Agricultural Economics,.
  • Fullerton, D., & Kim, S. (2008). Environmental Investment and Policy with Distortionary Taxes and Endogenous Growth. Journal of Environmental Economics and Management,.
  • Fullerton, D., & Heutel, G. (2007). The General Equilibrium Incidence of Environment Taxes. Journal of Public Economics,.
  • Fullerton, D., & Heutel, G. (2007). Who Bears the Burden of a Tax on Carbon Emissions in Japan? Environmental Economics and Policy Studies, 8 (4),
  • Fullerton, D., & Geruso, M. (2006). The Many Definitions of Social Security Privatization. Economists' Voice,.
  • Fullerton, D., & Wolverton, A. (2005). The Two-Part Instrument in a Second-best World. Journal of Public Economics,.
  • Fullerton, D., & Gan, L. (2005). Cost-Effective Policies to Reduce Vehicle Emissions. American Economic Review,.
  • Fullerton, D., & Gan, L. (2004). A Simulation-Based Welfare Loss Calculation for Labor Taxes with Piecewise-Linear Budgets. Journal of Public Economics,.
  • Fullerton, D., & Mohr, R. (2003). Suggested Subsidies are Sub-optimal Unless Combined with an Output Tax. Contributions to Economic Analysis and Policy, 2 (1),
  • Fullerton, D., & Metcalf, G. (2002). Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation. Resource and Energy Economics,.
  • Fullerton, D., & West, S. (2002). Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions? Journal of Environmental Economics and Management,.
  • Fullerton, D. (2001). A Framework to Compare Environmental Policies. Southern Economic Journal,.
  • Fullerton, D., & Metcalf, G. (2001). Environmental Controls, Scarcity Rents, and Pre-Existing Distortions. Journal of Public Economics,.
  • Kinnaman, T., & Fullerton, D. (2000). Garbage and Recycling with Endogenous Local Policy. Journal of Urban Economics,.
  • Fullerton, D., & Wolverton, A. (2000). Two Generalizations of a Deposit-Refund System. American Economic Review,.
  • Coronado, J., Fullerton, D., & Glass, T. (1999). Distributional Impacts of Proposed Changes to the Social Security System. Tax Policy and the Economy, (13),
  • Fullerton, D., & Stavins, R. (1998). How Economists See the Environment. Nature,.
  • Fullerton, D., & Wu, W. (1998). Policies for Green Design. Journal of Environmental Economics and Management,.
  • Fullerton, D., & Metcalf, G. (1998). Environmental Taxes and the Double-Dividend Hypothesis: Did You Really Expect Something for Nothing? Chicago-Kent Law Review, 73 (1),
  • Fullerton, D., McDermott, S., & Caulkins, J. (1997). Sulfur Dioxide Compliance of a Regulated Utility. Journal of Environmental Economics and Management,.
  • Fullerton, D., & Rogers, D. (1997). Neglected Effects on the Uses Side: Even a Uniform Tax Would Change Relative Goods Prices. American Economic Review,.
  • Fullerton, D. (1997). Environmental Levies and Distortionary Taxation: Comment. American Economic Review,.
  • Fullerton, D., & Kinnaman, T. (1996). Household Responses to Pricing Garbage by the Bag. American Economic Review,.
  • Fullerton, D., & Tsang, S. (1996). Should Environmental Costs be Paid by the Polluter or the Beneficiary? The Case of CERCLA and Superfund. Public Economics Review,.
  • Fullerton, D. (1996). Why Have Separate Environmental Taxes? Tax Policy and the Economy,.
  • Fullerton, D., & Kinnaman, T. (1995). Garbage, Recycling, and Illicit Burning or Dumping. Journal of Environmental Economics and Management,.
  • Fullerton, D., & Karayannis, M. (1994). Tax Evasion and the Allocation of Capital. Journal of Public Economics,.
  • Ballard, C., & Fullerton, D. (1992). Distortionary Taxes and the Provision of Public Goods. Journal of Economic Perspectives,.
  • Berkovec, J., & Fullerton, D. (1992). A General Equilibrium Model of Housing, Taxes, and Portfolio Choice. Journal of Political Economy,.
  • Fox, T., & Fullerton, D. (1991). The Irrelevance of Detail in a Computable General Equilibrium Model. Economics Letters,.
  • Fullerton, D. (1991). Reconciling Recent Estimates of the Marginal Welfare Cost of Taxation. American Economic Review,.
  • Fullerton, D. (1990). Computable General Equilibrium Models. Social Science Computer Review,.
  • Fullerton, D., & Henderson, Y. (1989). The Marginal Excess Burden of Different Capital Tax Instruments. Review of Economics and Statistics,.
  • Berkovec, J., & Fullerton, D. (1989). The General Equilibrium Effects of Inflation on Housing Consumption and Investment. American Economic Review,.
  • Fullerton, D., & Henderson, Y. (1989). A Disaggregate Equilibrium Model of the Tax Distortions Among Assets, Sectors, and Industries. International Economic Review,.
  • Fullerton, D., & Mackie, J. (1989). Economic Efficiency in Recent Tax Reform History: Policy Reversals or Consistent Improvements. National Tax Journal,.
  • Fullerton, D. (1987). The Indexation of Interest, Depreciation, and Capital Gains and Tax Reform in the U.S Journal of Public Economics,.
  • Fullerton, D. (1986). The Use of Effective Tax Rates in Tax Policy. National Tax Journal,.
  • Fullerton, D., & Lyon, A. (1986). Does the Tax System Favor Investment in High-Tech or Smoke-Stack Industries. Economic Inquiry,.
  • Fullerton, D., & Lyon, A. (1986). Uncertain Parameter Values and the Choice Among Policy Options. Journal of Public Economics,.
  • Fullerton, D., & Henderson, Y. (1985). Long Run Effects of the Accelerated Cost Recovery System. Review of Economics and Statistics,.
  • Fullerton, D. (1985). Which Effective Tax Rate? A Reply. National Tax Journal,.
  • Fullerton, D. (1984). Which Effective Tax Rate? National Tax Journal,.
  • Fullerton, D. (1983). Transition Losses of Partially Mobile Industry-Specific Capital. Quarterly Journal of Economics,.
  • Fullerton, D., Shoven, J., & Whalley, J. (1983). Replacing the U.S. Income Tax with a Progressive Consumption Tax: A Sequenced General Equilibrium Approach. Journal of Public Economics,.
  • Fullerton, D. (1982). On the Possibility of an Inverse Relationship Between Tax Rates and Government Revenues. Journal of Public Economics,.
  • Fullerton, D., & Goodman, S. (1982). The Economic Recovery Tax Act of 1981: Implications for Charitable Giving. Tax Notes,.
  • Fullerton, D. (1982). Why Do Varying Effective Corporate Tax Rates Matter? Tax Notes,.
  • Fullerton, D., King, A., Shoven, J., & Whalley, J. (1981). Corporate Tax Integration in the United States: A General Equilibrium Approach. American Economic Review,.
  • Becker, C., & Fullerton, D. (1980). Income Tax Incentives to Promote Saving. National Tax Journal,.
  • Fullerton, D., Devarajan, S., & Musgrave, R. (1980). Estimating the Distribution of Tax Burdens: A Comparison of Different Approaches. Journal of Public Economics,.

Book or Monograph

  • Fullerton, D. (2006). The Economics of Pollution Havens. Cheltenham, UK: Edward Elgar Publishers.
  • Fullerton, D., & Metcalf, G. (2003). The Distribution of Tax Burdens. Cheltenham, UK: Edward Elgar Publishers.
  • Fullerton, D., & Kinnaman, T. (2002). The Economics of Household Garbage and Recycling Behavior. Cheltenham, UK: Edward Elgar Publishers.
  • Fullerton, D., & Rogers, D. (1993). Who Bears the Lifetime Tax Burden. Washington, DC: Brookings.
  • Fullerton, D., & Neubig, T. (1987). Compendium of Tax Research 1987. Washington, DC: U.S. Treasury Department.
  • Ballard, C., Fullerton, D., Shoven, J., & Whalley, J. (1985). A General Equilibrium Model for Tax Policy Evaluation. Chicago, IL: University of Chicago Press.
  • King, M., & Fullerton, D. (1984). The Taxation of Income from Capital: A Comparative Study of the U.S., U.K., Sweden, and West Germany. Chicago, IL: University of Chicago Press.

Chapter in a Book

  • Kolstad, C., Fullerton, D., & and others, ., IPCC (Ed.) (2014). Social, Economic, and Ethical Concepts and Methods. Climate Change Mitigation (Volume III of the Fifth Assessment Report) Intergovernmental Panel On Climate Change.
  • Fullerton, D., S. Durlauf and L. Blume (Ed.) (2008). Laffer Curve. The New Palgrave Dictionary of Economics London: Palgrave MacMillian Ltd.
  • Fullerton, D., S. Cnossen (Ed.) (2005). An Excise Tax on Municipal Solid Waste? Theory and Practice of Excise Taxation Oxford: Oxford University Press.
  • Fullerton, D., & Raub, A., N. Braathen (Ed.) (2004). Economic Analysis of Solid Waste Management Policies. Addressing the Economics of Waste Paris: OECD.
  • Fullerton, D., & Metcalf, G., D. Fullerton and G. Metcalf (Ed.) (2003). Introduction. The Distribution of Tax Burdens Cheltenham, UK: Edward Elgar Publishers.
  • Fullerton, D., & Metcalf, G., A. Auerbach and M. Feldstein (Ed.) (2002). Tax Incidence. Handbook of Public Economics The Netherlands: Elsevier Science.
  • Fullerton, D., Coronado, J., & Glass, T., M. Feldstein and J. Liebman (Ed.) (2002). Long-Run Effects of Social Security Reform Proposals on Lifetime Progressivity. The Distributional Aspects of Social Security and Social Security Reform Chicago, IL: University of Chicago Press.
  • Fullerton, D., Hong, I., & Metcalf, G., C. Carraro and G. Metcalf (Ed.) (2001). A Tax on Ouput of the Polluting Industry is Not a Tax on Pollution: The Importance of Hitting the Target. Distributional and Behavioral Effects of Environmental Policy Chicago, IL: University of Chicago Press.
  • Fullerton, D., & Kinnaman, T., H. Folmer and T. Tietenberg (Ed.) (2000). The Economics of Residential Solid Waste Management. The International Yearbook of Environmental and Resource Economics 2000/2001 Cheltenham, UK: Edward Elgar.
  • Fullerton, D., & Wolverton, A., A. Panagariya, P. Portney and R. Schwab (Ed.) (1999). The Case for a Two-Part Instrument: Presumptive Tax and Environmental Subsidy. Environmental and Public Economics: Essays in Honor of Wallace E. Oates Cheltenham, UK: Edward Elgar.
  • Fullerton, D., J. Cordes, R. Ebel and J. Gravelle (Ed.) (1999). Marginal Effective Tax Rate. The Encyclopedia of Taxation and Tax Policy Washington, DC: Urban Institute Press.
  • Fullerton, D., & Kinnaman, T., A. L. Bovenberg and S. Cnossen (Ed.) (1995). How a Fee Per-Unit Garbage Affects Aggregate Recycling in a Model with Heterogeneous Households. Public Economics and the Environment in an Imperfect World Dordrecht, Netherlands: Kluwer Academic Publishers.
  • Fullerton, D., & Rogers, D., D. Bradford (Ed.) (1995). Distributional Effects on a Lifetime Basis. Distributional Analysis of Tax Policy Washington, DC: American Enterprise Institute Press.
  • Fullerton, D., M. Feldstein (Ed.) (1994). Inputs to Tax Policymaking: The Supply Side, the Deficit, and the Level Playing Field. Amercian Economic Policy in the 1980s Chicago, IL: University of Chicago Press.
  • Fullerton, D., R. A. Eblen and W. R. Eblen (Ed.) (1994). Cost Effectiveness and Free Rider. The Encyclopedia of the Environment Boston, MA: Houghton-Mifflin.
  • Fullerton, D., & Karayannis, M., D. W. Jorgenson and R. Landau (Ed.) (1993). United States. Tax Reform and the Cost of Capital: An International Comparison Washington, DC: Brookings.
  • Fullerton, D., P. Newman, M. Milgate, and J. Eatwell (Ed.) (1992). Housing Finance. The New Palgrave Dictionary of Money and Finance London: Macmillan.
  • Fullerton, D., M. Feldstein (Ed.) (1991). Tax Policy Toward Art Museums. The Economics of Art Museums Chicago, IL: University of Chicago Press.
  • Fullerton, D. (1987). Introduction. Compendium of Tax Research 1987 Washington, DC: U.S. Treasury Department.
  • Fullerton, D., & Henderson, Y., M. Feldstein (Ed.) (1987). The Impact of Fundamental Tax Reform on the Allocation of Resources. The Effects of Taxation on Capital Accumulation Chicago, IL: University of Chicago Press.
  • Fullerton, D., Gillette, R., & Mackie, J. (1987). Investment Incentives Under the Tax Reform Act of 1986. Compendium of Tax Research 1987 Washington, DC: U.S. Treasury Department.
  • Fullerton, D., Henderson, Y., & Mackie, J. (1987). Investment Allocation and Growth Under the Tax Reform Act of 1986. Compendium of Tax Research 1987 Washington, DC: U.S. Treasury Department.
  • Allison, M., Fullerton, D., & Makin, J., J. Makin (Ed.) (1985). Tax Reform: A Study of Some Major Proposals. Real Tax Reform: Replacing the Income Tax Washington, DC: American Enterprise Institute Press.
  • Fullerton, D., J. Makin (Ed.) (1985). The Consumption Tax: An Idea Whose Time Has Come? Real Tax Reform: Replacing the Income Tax Washington, DC: American Enterprise Institute Press.
  • Bradford, D., & Fullerton, D., M. A. King and D. Fullerton (Ed.) (1984). Conclusions. The Taxation of Income from Capital: A Comparative Study of the U.S., U.K., Sweden, and West Germany Chicago, IL: University of Chicago Press.
  • Fullerton, D., & Henderson, Y., C. R. Hulten and I. V. Sawhill (Ed.) (1984). Incentive Effects of Taxes on Income from Capital: Alternative Policies in the 1980's. The Legacy of Reaganomics Washington, DC: Urban Institute Press.
  • Fullerton, D., Henderson, Y., & Shoven, J., H. Scarf and J. B. Shoven (Ed.) (1984). A Comparison of Methodologies in Empirical General Equilibrium Models of Taxation. Applied General Equilibrium Analysis New York: Cambridge University Press.
  • Fullerton, D., M. A. King and D. Fullerton (Ed.) (1984). The United States. The Taxation of Income from Capital: A Comparative Study of the U.S., U.K., Sweden, and West Germany Chicago, IL: University of Chicago Press.
  • Fullerton, D., M.A. King and D. Fullerton (Ed.) (1984). Comparisons of Effective Tax Rates. The Taxation of Income from Capital: A Comparative Study of the U.S., U.K., Sweden, and West Germany Chicago, IL: University of Chicago Press.
  • Fullerton, D., & Gordon, R., M. Feldstein (Ed.) (1983). A Re-examination of Tax Distortions in General Equilibrium Models. Behavioral Simulation Methods in Tax Policy Analysis Chicago, IL: University of Chicago Press.
  • Fullerton, D., B. Bartlett and T. Roth (Ed.) (1983). Can Tax Revenues Go Up When Tax Rates Go Down? The Supply-Side Solution Chatham, NJ: Chatham House Publishers.
  • Bradford, D., & Fullerton, D., C. R. Hulten (Ed.) (1981). Pitfalls in the Construction and Use of Effective Tax Rates. Depreciation, Inflation, and the Taxation of Income from Capital Washington, DC: Urban Institute Press.
  • Fullerton, D., King, A., Shoven, J., & Whalley, J., R. H. Haveman and K. Hollenbeck (Ed.) (1980). Corporate and Personal Tax Integration in the US: Some Preliminary Findings. Microeconomic Simulation Madison, WI: Institute for Research on Poverty.
  • Fullerton, D., Shoven, J., & Whalley, J. (1978). General Equilibrium Analysis of U.S. Taxation Policy. 1978 Compendium of Tax Research Washington, DC: U.S. Treasury Department.

Conference Proceeding

  • Fullerton, D., & Skinner, J. (1985). Cross Price Effects and Capital Taxation. National Tax Association.
  • Fullerton, D. (1983). Disparities in the Taxation of Income from Capital. National Tax Association.
  • Fullerton, D. (1980). A General Equilibrium Taxation Model with Applications and Dynamic Extensions. National Tax Association.

Honors and Awards

  • List of Teachers Ranked as Excellent by their Students, U. of Illinois, 2008, 2009, 2010, 2011, 2013, 2016
  • Nannerl O. Keohane Distinguished Visiting Professorship, University of North Carolina and Duke University, 2015
  • AERE Fellow, Association of Environmental and Resource Economists (AERE), 2015

Grants

  • Climate Change Policy in Illinois, University of Illinois, 2017-2018
  • Energy Policy Tradeoffs between Economic Efficiency and Distributional Equity, Sloan Foundation, 2016-2018
  • Climate Change Policy in Illinois, IGPA, University of Illinois, 2016-2017
  • Climate Change Policy Initiative, IGPA, University of Illinois, 2014-2015
  • Center for Robust Decision Making on Climate and Energy Policy, University of Chicago, National Science Foundation, 2010-2014
  • The Design and Implementation of U.S. Climate Policy, Smith Richardson Foundation, 2010-2012

Services

  • Editor, Journal of the Association of Environmental and Resource Economists, 2017 to present
  • Member, U.S. EPA Science Advisory Board's Economy-Wide Modeling Panel, U.S. Environmental Protection Agency, 2015-2017

Current Courses

  • Gen Equ Env Tax Policy (FIN 519) Focuses on how to build and use analytical general equilibrium models to do research. Students will replicate and extend existing G.E. models with general production and demand functions that are differentiated to find closed-form solutions for the incidence of the tax, including changes in all factor prices, input quantities, outputs, prices, and welfare of each group. The primary examples are drawn from environmental tax policy, but the method is equally useful for analysis of non-tax policies and other economic problems. Same as ECON 546.
  • Business and Public Policy (FIN 570) The role of government and its effects on business in a market economy; critical examination of tax rules, public spending and insurance programs, social security, health policy, environmental policy, and other regulations on businesses.

Contact

4030 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-244-3621

dfullert@illinois.edu

Homepage