@techreport{Pautrel2009Macroeconomic,
abstract = {This article studies how demography affects the outcome of the environmental policy in a macro-economic perspective, incorporating age-earning profiles in an OLG model \`{a} la Blanchard (1985) to capture the age structure effect of the demographic shocks. It first demonstrates, conversely to previous works of the related literature that a decrease in the birth rate may lower the steady-state per capita stock of physical capital even if the aggregate labor supply is exogenous. It also demonstrates that the ageing of population influences the macro-economic impact of the environmental policy according to the cause of the ageing and the life-cycle earnings assumption. Thus, with decreasing age-earning profiles, a lower birth rate reduces the detrimental impact of the environmental policy on the steady-state per capita stock of physical capital for low values of this birth rate, while a reduction of the mortality rate reinforces the negative outcome of the environmental policy. When earnings profiles are independent of age, ageing always strengthens the negative impact of the environmental policy.},
address = {Milano},
author = {Xavier Pautrel},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {Q56; 330; Demography; Environment},
language = {eng},
number = {05.2009},
publisher = {Fondazione Eni Enrico Mattei},
title = {Macroeconomic implications of demography for the environment: A life-cycle perspective},
type = {Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development},
url = {http://hdl.handle.net/10419/53275},
year = {2009}
}
