Macroeconomic Implications of Demography for the Environment: A Life-Cycle Perspective
| dc.creator | Pautrel, Xavier | |
| dc.date | 2017-04-01T19:57:10Z | |
| dc.date.accessioned | 2026-07-09T04:46:43Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.50325 | |
| dc.identifier | https://ageconsearch.umn.edu/record/50325/files/5-09.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/50325 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/554775 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/50325 | |
| dc.title | Macroeconomic Implications of Demography for the Environment: A Life-Cycle Perspective | |
| dc.type | Text |