Aging society, health and the environment
AbstractBoth environmental quality and health care expenditure are determinants of health and life expectancy, but the support for them appears to be different according to the electors' age, with a relatively larger support for health expenditure among the elderly as it is generally effective on a shorter horizon than environmental maintenance. With population aging, the political support for health care expenditure is then self-reinforcing. We cast this issue in an overlapping generations model with endogenous longevity, where lifespan depends on health care expenditure and environmental quality. We compare the long run outcomes for health care expenditure, environmental quality, lifespan, consumption and capital accumulation of an economy where agents vote over health spending and environmental maintenance, with those chosen by a social planner who takes into account also the welfare of future generations. The role played by other factors, such as the propensity for smoothing consumption or the degree of annuity markets, is also highlighted. Empirical evidence of age-biased environmental care is provided.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 25 (2012)
Issue (Month): 3 (July)
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Web page: http://link.springer.de/link/service/journals/00148/index.htm
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Other versions of this item:
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
- H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
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- Eugenia Vella & Evangelos V. Dioikitopoulos & Sarantis Kalyvitis, 2012.
"Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting,"
DEGIT Conference Papers
c017_045, DEGIT, Dynamics, Economic Growth, and International Trade.
- Eugenia Vella & Evangelos Dioikitopoulos & Sarantis Kalyvitis, . "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting," DEOS Working Papers 1335, Athens University of Economics and Business.
- Natacha Raffin & Thomas Seegmuller, 2012.
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AMSE Working Papers
1230, Aix-Marseille School of Economics, Marseille, France.
- repec:hal:journl:halshs-00492178 is not listed on IDEAS
- Natacha Raffin & Thomas Seegmuller, 2012. "Longevity, pollution and growth," Working Papers 1210, Chaire Economie du Climat.
- Natacha Raffin & Thomas Seegmuller, 2012. "Longevity, Pollution and Growth," Working Papers halshs-00793513, HAL.
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