Sustainable Development in an Aging Economy

In this paper, we analyze the effects of population aging on economic growth and the environment in a two-period overlapping generations model of growth, aging, and the environment. We show that aging may be beneficial to economic growth and the environment under perfect annuitisation, while possibly harmful under imperfect annuitisation. We also discuss the implications of our results for environmental policy in an aging economy.

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Year of publication:	2001-08
Authors:	Ono, Tetsuo ; Maeda, Yasuo
Institutions:	Center for Intergenerational Studies, Institute of Economic Research
Subject:	Population Aging \| Overlapping Generations \| Economic Growth \| Sustainable Development \| Environmental Externalities

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	This version: August 2001, This paper is forthcoming in Environment and Development Economics. Number 32 18 pages long [3] p.
Classification:	J10 - Demographic Economics. General ; J14 - Economics of the Elderly ; O10 - Economic Development. General ; D62 - Externalities ; D90 - Intertemporal Choice and Growth. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005018642