channel of causality. At the same time, human capital has a vital role in driving effective climate change mitigation and … document the existing evidence on the impacts of climate change damages, and the effects of climate change mitigation and … of the life cycle. For mitigation and adaptation, we find that while these are overall clearly beneficial, they are also …

positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …

preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to …

In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts …. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more … distortionary the tax system is. In an OLG model with majority voting, we analyze how the choices of mitigation and adaptation are …

mitigation. We consider, in a general equilibrium overlapping generations (OLG) model with environmental externalities, a … income in pollution mitigation in exchange for a transfer to their old-age capital income paid by the next generation. We … minimum level of income and we characterize the set of Pareto-improving mitigation-transfer combinations. Nash bargaining …

the global public good 'climate change mitigation'. This paper focuses on a specific type of international transfer that … aims at raising mitigation while also reducing the damages from climate change: conditional adaptation support. Especially … transfers reduce the recipients' incentives to contribute to climate change mitigation, one would, however, expect at least …

to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation … widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … policies. Furthermore we also consider the interaction of the two strategies. Mitigation efforts of a single country trigger …

We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in … each model. The framework is used to analyze the adaptation vs. mitigation dilemma and provides a simple criterion to …

preserve a greater quantity of biodiversity, thus decreasing the probability of a pandemic occurring, and second (mitigation … preferences, we disantangle risk aversion and fluctuation aversion. The model is explicitly solved and the optimal policy … compare the miti-gation efforts predicted by the model with those of the recent literature and we study the optimal prevention-mitigation …