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...

This note examines the macroeconomic impact of demographic shocks in a continuous-time overlapping-generations model à la Yaari (1965)-Blanchard (1985)-Buiter (1988), assuming a hump-shaped lifecycle profile of earnings.Compared to the case without age-dependent earnings, an additional...

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 a la Blanchard (1985) to capture the age structure effect of the demographic shocks. It first demonstrates, conversely to...