| 来源类型 | Working papers
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| 规范类型 | 论文
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| DOI | 10.3929/ethz-a-005390598
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| Human capital, resource constraints and intergenerational fairness |
| Valente, Simone
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| 发表日期 | 2007-06
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| 出版者 | ETH Zurich, Center of Economic Research (CER-ETH)
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| 出版年 | 2007
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| 语种 | 英语
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| 摘要 | This paper studies an endogenous growth model with human capital, exhaustible resources, and overlapping generations. Under laissez-faire, higher study time reduces depletion rates by increasing the share of re- sources that present generations are willing to sell to successors. However, selfish behavior may prevent competitive sustained growth, and implement- ing utilitarian allocations generally induces optimal-and-sustainable paths. It is shown that: (i) raising study time and decreasing resource depletion are always complementary targets in optimal policies; (ii) growth effects are stronger the lower the optimal share of exploited resources; (iii) gener- ational welfare gains from optimal policies are delayed by faster depletion and, contrary to intuition, anticipated by lower social discount rates. |
| 主题 | Endogenous Growth
; Exhaustible Resources
; Human Capital
; Overlapping Generations
; Intergenerational Fairness
; Sustainability
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| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/339339
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| 来源智库 | Centre for Energy Policy and Economics (Switzerland)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266651
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推荐引用方式
GB/T 7714 |
Valente, Simone. Human capital, resource constraints and intergenerational fairness. 2007.
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