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dc.contributor.authorPautrel, Xavieren_US
dc.date.accessioned2011-01-28en_US
dc.date.accessioned2011-12-15T11:32:19Z-
dc.date.available2011-12-15T11:32:19Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53275-
dc.description.abstractThis article studies how demography affects the outcome of the environmental policy in a macro-economic perspective, incorporating age-earning profiles in an OLG model à 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.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 05.2009en_US
dc.subject.jelQ56en_US
dc.subject.ddc330en_US
dc.subject.keywordDemographyen_US
dc.subject.keywordEnvironmenten_US
dc.titleMacroeconomic implications of demography for the environment: A life-cycle perspectiveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn644834633en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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