A Note on Indeterminacy in Overlapping Generations Economies with Environment and Endogenous Labor Supply
AbstractWe consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results, the emergence of endogenous fluctuations does not require a high emission rate of pollution.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00194230.
Date of creation: Jun 2007
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Publication status: Published, Macroeconomic Dynamics, 2007, 11, 3, 423-429
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Environment ; labor supply ; overlapping generations ; indeterminacy ; endogenous cycles;
Other versions of this item:
- Seegmuller, Thomas & Verch Re, Alban, 2007. "A Note On Indeterminacy In Overlapping Generations Economies With Environment And Endogenous Labor Supply," Macroeconomic Dynamics, Cambridge University Press, vol. 11(03), pages 423-429, June.
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