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dc.contributor.authorPautrel, Xavieren
dc.date.accessioned2011-12-15T11:32:53Z-
dc.date.available2011-12-15T11:32:53Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/53308-
dc.description.abstractUsing a time-separable utility function where leisure is introduced through the disutility of working time and is adjusted for quality, as measured by human capital to capture home-production, we demonstrate that the environmental policy is harmful for growth. A tighter environmental tax reduces the incentives to educate by increasing leisure time and lowers the steady-state growth rate and lifetime welfare, whatever the source of pollution. We also demonstrate that labor supply elasticity plays a crucial role in the marginal impact of the environmental tax on growth and welfare. When the positive influence of human capital is added into preferences (by explicitly modelling the home production sector), we find that the environmental policy promotes steady-state growth. This result challenges the finding by Hettich (1998) according to which, in the presence of leisure, the environmental tax does not affect human capital accumulation if the source of pollution is output.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x104.2009en
dc.subject.jelCen
dc.subject.jelQ56en
dc.subject.ddc330en
dc.subject.keywordLeisureen
dc.subject.keywordHuman Capitalen
dc.subject.keywordEnvironmental Taxen
dc.titleTime-separable utility, leisure and human capital accumulation: what new implications for the environment-growth nexus?-
dc.typeWorking Paperen
dc.identifier.ppn646145606en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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