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https://hdl.handle.net/10419/53275
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DC Field | Value | Language |
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dc.contributor.author | Pautrel, Xavier | en |
dc.date.accessioned | 2011-01-28 | - |
dc.date.accessioned | 2011-12-15T11:32:19Z | - |
dc.date.available | 2011-12-15T11:32:19Z | - |
dc.date.issued | 2009 | - |
dc.identifier.uri | http://hdl.handle.net/10419/53275 | - |
dc.description.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 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 |
dc.language.iso | eng | en |
dc.publisher | |aFondazione Eni Enrico Mattei (FEEM) |cMilano | en |
dc.relation.ispartofseries | |aNota di Lavoro |x05.2009 | en |
dc.subject.jel | Q56 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Demography | en |
dc.subject.keyword | Environment | en |
dc.title | Macroeconomic implications of demography for the environment: A life-cycle perspective | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 644834633 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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