Sustainable development in an aging economy

Tetsuo Ono, Yasuo Maeda

Research output: Contribution to journalArticle

6 Citations (Scopus)

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 languageEnglish
Pages (from-to)9-22
Number of pages14
JournalEnvironment and Development Economics
Volume7
Issue number1
Publication statusPublished - 2002 Feb 1
Externally publishedYes

Keywords

  • Economic growth
  • Environmental externalities
  • Overlapping generations
  • Population aging
  • Sustainable development

ASJC Scopus subject areas

  • Development
  • Environmental Science(all)
  • Economics and Econometrics

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