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Interpreting sustainability in economic terms: Dynamic efficiency plus intergenerational equity

Stavins, Robert N.; Wagner, Alexander F.; Wagner, Gernot - 2002

Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of “sustainability.” We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in...

Persistent link: https://www.econbiz.de/10011335736

Environmental security and migration: The role of environmental factors as determinants of migration flows in Pakistan

Goria, Alessandra - 1998

This paper investigates the linkages between the environment, income and migration, exploring the role that … allows for the estimation of a migration decision function in two stages, relating migration to income and the environment …, and accounting for the self-selection of migrants. The model in fact consists of two income equations, which explain …

Persistent link: https://www.econbiz.de/10011608457

School Quality and Family Background in Italy

Brunello, Giorgio; Checchi, Daniele - 2003

We study if the combined significant reduction in the pupil-teacher ratio and increase in parental education observed in Italy between the end of IIWW and the end of 1980s had a significant impact on the educational attainment and labor market returns of a representative sample of Italians born...

Persistent link: https://www.econbiz.de/10011325039

Education and earnings growth: Evidence from 11 European countries

Brunello, Giorgio; Comi, Simona - 2000

We use cohort data from 11 European countries to study whether experience profiles differ by educational attainment. Previous literature does not provide a clear answer to this question, that is important to evaluate private returns to education over the working life of individuals. We find...

Persistent link: https://www.econbiz.de/10011608593

Conspicuous consumption, social status and clubs

Jaramillo, Fernando; Kempf, Hubert; Moizeau, Fabien - 2000

The paper develops a signalling theory of conspicuous consumption where the drive toward spending on an otherwise unuseful good comes from the desire to enter clubs and benefit from the provision of club good financed by members of a club and from a social status effect. Individual incomes are...

Persistent link: https://www.econbiz.de/10011608622

The optimal timing of greenhouse gas emission abatement, individual rationality and intergenerational equity

Tol, Richard S. J. - 1998

This paper explores the relationship between rationality and equity in an intergenerational context of greenhouse gas emission reduction. It is shown that the least-cost trajectory to a constraint on cumulative emissions implies an upward-sloping emission reduction effort, in most cases, whether...

Persistent link: https://www.econbiz.de/10011608371

Recursive intergenerational utility in global climate risk modeling

Minh, Ha-Duong; Treich, Nicolas - 1999

This paper distinguishes relative risk aversion and resistance to intertemporal substitution in climate risk modelling. Stochastic recursive preferences are introduced in a stylised numeric climate-economy model using preliminary IPPC 1998 scenarios. It shows that higher risk aversion increases...

Persistent link: https://www.econbiz.de/10011608555

On debt neutrality in the savers-spenders theory of fiscal policy

Petrucci, Alberto - 2000

According to the recent literature, heterogeneity across households does not invalidate debt neutrality in the long-run. The doctrinal view is at odds with the layman's view, on the basis of which government debt, by altering the intragenerational distribution of resources, may exert permanent...

Persistent link: https://www.econbiz.de/10011608667

Integrated assessments of climate change policy: Intergenerational equity and discounting

Toth, Ferenc L. - 1999

One of the key decisions that economists working on integrated studies of climate change face is the selection of the method of accounting for damages resulting from possible climate change across a long temporal scale and the method for the intertemporal comparison of the costs associated with...

Persistent link: https://www.econbiz.de/10011608516

A proposal for a new prescriptive discounting scheme: The intergenerational discount rate

Hallgatte, Stéphane - 2008

. Practically, any income flux is first discounted to the birth date of all individuals using a discount rate with a non-zero pure …

Persistent link: https://www.econbiz.de/10010270963