G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Macroeconomic Implications of Demography for the Environment: A Life-Cycle Perspective
Xavier Pautrel
发表日期2009
出处Climate Change and Sustainable Development
出版年2009
语种英语
摘要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 previous works of the related literature that a decrease in the birth rate may lower the steady-state per capita stock of physical capital even if the aggregate labor supply is exogenous. It also demonstrates that the ageing of population influences the macro-economic impact of the environmental policy according to the cause of the ageing and the life-cycle earnings assumption. Thus, with decreasing age-earning profiles, a lower birth rate reduces the detrimental impact of the environmental policy on the steady-state per capita stock of physical capital for low values of this birth rate, while a reduction of the mortality rate reinforces the negative outcome of the environmental policy. When earnings profiles are independent of age, ageing always strengthens the negative impact of the environmental policy.
特色分类Q56
关键词Demography,Environment
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/macroeconomic-implications-of-demography-for-the-environment-a-life-cycle-perspective/
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/117683
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GB/T 7714
Xavier Pautrel. Macroeconomic Implications of Demography for the Environment: A Life-Cycle Perspective. 2009.
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