Is aging harmful to the environment?

Tetsuo Ono, Yasuo Maeda

Research output: Contribution to journalArticle

15 Citations (Scopus)

Abstract

How does aging affect the environment? We analyze this question using an overlapping generations model featuring uncertain lifetimes and environmental externalities. We show that whether aging is harmful to the environment depends on the curvature of utility function, which is measured by the degree of relative risk aversion. We also explore the implication of the results for environmental policy in an aging society.

Original languageEnglish
Pages (from-to)113-127
Number of pages15
JournalEnvironmental and Resource Economics
Volume20
Issue number2
DOIs
Publication statusPublished - 2001 Dec 1
Externally publishedYes

Keywords

  • Aging
  • Environmental externality
  • Intergenerational externality
  • Overlapping generations
  • Uncertain lifetimes

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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