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In this article we extend the recent literature on overlapping generations with a pollution sector by allowing … generations to have a certain pollution perception with regards to the stock of pollution. Pollution perception, assumed to be … part of the generations' preferences, can be either a concern for the flow of pollution only, or for the stock, or anything …
Persistent link: https://www.econbiz.de/10010272623
relies on the link between pollution, health and the survival probability, in an overlapping generations model à la Blanchard … effect on growth in the steady-state when the detrimental impact of pollution on health and lifetime is taken into account … of environmental taxes) when public expenditures in health and/or the impact of pollution on health are important …
Persistent link: https://www.econbiz.de/10010312526
work when they are young and own capital when they are old. Pollution externalities are present due to the use of a … polluting factor. The government uses the revenue from a capital-income tax and a pollution tax for a lump-sum transfer to the …-economic equilibrium, the lower the skill of the median individual is relative to the average, the smaller the pollution tax and the …
Persistent link: https://www.econbiz.de/10011608600
-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a …
Persistent link: https://www.econbiz.de/10010274231
Environmental pollution adversely affects children’s probability to survive to adulthood, reduces thus parental … inequality and pollution on children’s health may be amplified, if the population group that is least affected decides about tax …-financed abatement measures. Our theory provides a candidate explanation for (1) the observed positive correlation between inequality and …
Persistent link: https://www.econbiz.de/10011753305
Persistent link: https://www.econbiz.de/10011422099
We study an overlapping generations model á la Diamond in which two types of agents are alive at the same time. One type of agents cares about its own level of consumption and an idex of environmental quality, while the other type of agents carse only about its own consumption. At any period,...
Persistent link: https://www.econbiz.de/10010326093
We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...
Persistent link: https://www.econbiz.de/10010269643
that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution … ability of the agents to learn is independent to pollution and utility is additively separable. Finally, it establishes that …
Persistent link: https://www.econbiz.de/10010312553
We develop an overlapping generations model where consumption is the source of polluting emissions. Pollution stock … and vanishes beyond a critical level of pollution. We first show that multiple equilibria exist. More importantly, some … exhibit irreversible pollution levels although an abatement activity is operative. Thus, the simple engagement of maintenance …
Persistent link: https://www.econbiz.de/10010312559