Global Warming and the Population Externality
AbstractWe calculate the harm a birth imposes on others when greenhouse gas emissions are a problem and a cap limits emissions damage. This negative population externality, which equals the corrective Pigovian tax on having a child, is substantial in calibrations. In our base case, the Pigovian tax is 21 percent of a parent's lifetime income in steady state and 5 percent of lifetime income immediately after imposition of a cap, per child. The optimal population in steady state, which maximizes utility taking account of the externality, is about one quarter of the population households would choose voluntarily
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Bibliographic InfoPaper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number qt82z9c3p6.
Date of creation: 22 Apr 2011
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More information through EDIRC
population externality; Pigovian tax; emissions cap; endogenous fertility; population growth; economic growth; optimal population; calibrated optimal child tax; greenhouse gas emissions; global warming; Social and Behavioral Sciences;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-28 (All new papers)
- NEP-DEM-2012-03-28 (Demographic Economics)
- NEP-DGE-2012-03-28 (Dynamic General Equilibrium)
- NEP-ENE-2012-03-28 (Energy Economics)
- NEP-ENV-2012-03-28 (Environmental Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- About taxing children for climate change
by Economic Logician in Economic Logic on 2012-04-04 14:46:00
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