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Sustainable Development in an Aging Economy

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Author Info
Ono, Tetsuo
Maeda, Yasuo

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Abstract

In this paper, we analyze the effects of population aging on economic growth and the environment in a two-period overlapping generations model of growth, aging, and the environment. We show that aging may be beneficial to economic growth and the environment under perfect annuitisation, while possibly harmful under imperfect annuitisation. We also discuss the implications of our results for environmental policy in an aging economy.

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File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14483/1/pie_dp32.pdf
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Publisher Info
Paper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series Discussion Paper with number 32.

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Length: 18, [3] p.
Date of creation: Aug 2001
Date of revision:
Handle: RePEc:hit:piedp1:32

Note: This version: August 2001, This paper is forthcoming in Environment and Development Economics.
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Web page: http://cis.ier.hit-u.ac.jp/
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Related research
Keywords: Population Aging; Overlapping Generations; Economic Growth; Sustainable Development; Environmental Externalities;

Other versions of this item:

Find related papers by JEL classification:
J10 - Labor and Demographic Economics - - Demographic Economics - - - General
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
D62 - Microeconomics - - Welfare Economics - - - Externalities
D90 - Microeconomics - - Intertemporal Choice and Growth - - - General

Cited by:
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  1. María José Gutiérrez, 2004. "Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs," Economic Working Papers at Centro de Estudios Andaluces E2004/38, Centro de Estudios Andaluces. [Downloadable!]
    Other versions:
  2. María-José Gutiérrez, 2002. "Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health C," DFAEII Working Papers 200223, University of the Basque Country - Department of Foundations of Economic Analysis II, revised 29 Aug 2008. [Downloadable!]
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This page was last updated on 2009-11-20.

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