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Environmental abatement and intergenerational distribution

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  • Bovenberg, A. Lans
  • Heijdra, Ben J.

    (Groningen University)

Abstract

This paper employs an overlapping-generations model to explore the impact of public abatement on private investment and the intergenerational distribution of welfare. Whereas public abatement benefits the oldest generations in terms of non-environmental welfare, future generations gain most in terms of environmental welfare. The overall benefits tend to be smallest for generations born at the time of the unanticipated policy shock. Public debt policy, however, can be employed to ensure that welfare gains are distributed more equally across the various generations. Such a policy implies that natural capital crowds out man-made capital. / Total number of pages: 37

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Bibliographic Info

Paper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 99C63.

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Date of creation: 1999
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Handle: RePEc:dgr:rugsom:99c63

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  1. Turnovsky, Stephen J. & Fisher, Walter H., 1995. "The composition of government expenditure and its consequences for macroeconomic performance," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 19(4), pages 747-786, May.
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Citations

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Cited by:
  1. Kavuncu, Y. Okan & Knabb, Shawn D., 2005. "Stabilizing greenhouse gas emissions: Assessing the intergenerational costs and benefits of the Kyoto Protocol," Energy Economics, Elsevier, Elsevier, vol. 27(3), pages 369-386, May.
  2. Heijnen, P. & Wagener, F.O.O., 2013. "Avoiding an ecological regime shift is sound economic policy," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 37(7), pages 1322-1341.
  3. A. Lans Bovenberg & Ben J. Heijdra, . "Environmental Abatement and Intergenerational Redistribution," EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics 00-08, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
  4. Fisher, Walter H. & Heijdra, Ben J., 2007. "Keeping up with the Ageing Joneses," Economics Series, Institute for Advanced Studies 204, Institute for Advanced Studies.
  5. Ben J. Heijdra & Pim Heijnen, 2009. "Environmental Policy and the Macroeconomy under Shallow-Lake Dynamics," CESifo Working Paper Series 2859, CESifo Group Munich.
  6. Xavier Pautrel, 2009. "Environmental policy, education and growth: A reappraisal when lifetime is finite," Working Papers, HAL hal-00423201, HAL.
  7. Ben Heijdra & Pim Heijnen, 2013. "Environmental Abatement and the Macroeconomy in the Presence of Ecological Thresholds," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 55(1), pages 47-70, May.
  8. Habla, Wolfgang & Roeder, Kerstin, 2013. "Intergenerational aspects of ecotax reforms - An application to Germany," Munich Reprints in Economics, University of Munich, Department of Economics 20469, University of Munich, Department of Economics.
  9. Tetsuo Ono, 2007. "Environmental Tax Reform, Economic Growth, and Unemployment in an OLG Economy," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, Mohr Siebeck, Tübingen, vol. 63(1), pages 133-161, March.

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