Is Aging Harmful to the Environment?
AbstractHow does aging affect the environment? We analyze this question using anoverlapping generations model featuring uncertain lifetimes andenvironmental externalities. We show that whether aging is harmful to theenvironment depends on the curvature of utility function, which ismeasured by the degree of relative risk aversion. We also explore theimplication of the results for environmental policy in an aging society. Copyright Kluwer Academic Publishers 2001
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 20 (2001)
Issue (Month): 2 (October)
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Web page: http://www.springerlink.com/link.asp?id=100263
aging; environmental externality; intergenerational externality; overlapping generations; uncertain lifetimes;
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