Abstract
In this paper, we analyze the effects of population aging on economic growth and the environment in a two-period overlapping generations model of growth, aging, and the environment. We show that aging may be beneficial to economic growth and the environment under perfect annuitisation, while possibly harmful under imperfect annuitisation. We also discuss the implications of our results for environmental policy in an aging economy.
| Original language | English |
|---|---|
| Pages (from-to) | 9-22 |
| Number of pages | 14 |
| Journal | Environment and Development Economics |
| Volume | 7 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2002 Feb |
| Externally published | Yes |
Keywords
- Economic growth
- Environmental externalities
- Overlapping generations
- Population aging
- Sustainable development
ASJC Scopus subject areas
- Development
- Environmental Science(all)
- Economics and Econometrics
