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
Externally publishedYes

Fingerprint

sustainable development
economy
economic growth
aging population
environmental policy
Sustainable development
Economic growth
Annuitization
effect
Environmental policy
Overlapping generations model
Population aging

Keywords

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

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)

Cite this

Sustainable development in an aging economy. / Ono, Tetsuo; Maeda, Yasuo.

In: Environment and Development Economics, Vol. 7, No. 1, 02.2002, p. 9-22.

Research output: Contribution to journalArticle

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