Please use this identifier to cite or link to this item:
Carlhoff, Henrik
Year of Publication: 
Series/Report no.: 
Thünen-Series of Applied Economic Theory - Working Paper No. 163
This paper investigates the interplay between aging of a society and its carbon dioxide emissions. The existing literature based on US data predicts lower overall emissions due to the lower emission intensity of consumption of a growing old-age share of the population. This conjecture is reexamined by a multivariate approach. The underlying hypothesis is that the individual levels of emissions do not only depend on age but also on income and employment status, which are correlated with age. Thus, bivariate analyses, neglecting other relevant variables, might overstate the decline in emissions for older cohorts. The paper shows that this hypothesis is correct. A bivariate approach overestimates the decline of emissions caused by population aging. Policy decisions favoring a longer work life may reverse the dampening effect of aging on emissions.
Document Type: 
Working Paper

Files in This Item:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.