全球智库信息集成服务系统(G2TT): Time-separable Utility, Leisure and Human Capital Accumulation: What New Implications for the Environment-Growth Nexus?

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Time-separable Utility, Leisure and Human Capital Accumulation: What New Implications for the Environment-Growth Nexus?
	Xavier Pautrel
发表日期	2009
出处	Climate Change and Sustainable Development
出版年	2009
语种	英语
摘要	Using a time-separable utility function where leisure is introduced through the disutility of working time and is adjusted for quality, as measured by human capital to capture home-production, we demonstrate that the environmental policy is harmful for growth. A tighter environmental tax reduces the incentives to educate by increasing leisure time and lowers the steady-state growth rate and lifetime welfare, whatever the source of pollution. We also demonstrate that labor supply elasticity plays a crucial role in the marginal impact of the environmental tax on growth and welfare. When the positive influence of human capital is added into preferences (by explicitly modelling the home production sector), we find that the environmental policy promotes steady-state growth. This result challenges the finding by Hettich (1998) according to which, in the presence of leisure, the environmental tax does not affect human capital accumulation if the source of pollution is output.
特色分类	C;Q56
关键词	Leisure Human Capital Environmental Tax
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/time-separable-utility-leisure-and-human-capital-accumulation-what-new-implications-for-the-environment-growth-nexus/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/117653
推荐引用方式 GB/T 7714	Xavier Pautrel. Time-separable Utility, Leisure and Human Capital Accumulation: What New Implications for the Environment-Growth Nexus?. 2009.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
200911191254431Nota_（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
200912101825414104-0（766KB）	智库出版物		限制开放	CC BY-NC-SA	浏览