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On sustainability and social welfare

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  • Fleurbaey, Marc

Abstract

This paper proposes to define sustainability in terms of leaving it possible for future generations to sustain certain defined targets. It is shown that variants of genuine savings and the ecological footprint can then serve as indicators of sustainability. The link between sustainability and intergenerational welfare is examined, and it is shown how to incorporate indicators of sustainability into a social welfare measure, including risk in the analysis.

Suggested Citation

  • Fleurbaey, Marc, 2015. "On sustainability and social welfare," Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 34-53.
  • Handle: RePEc:eee:jeeman:v:71:y:2015:i:c:p:34-53
    DOI: 10.1016/j.jeem.2015.02.005
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Pedro Gajardo & Luc Doyen, 2018. "Viability standards and multi-criteria maximin," Cahiers du GREThA 2018-04, Groupe de Recherche en Economie Théorique et Appliquée.
    2. Robert D. Cairns & Stellio Del Campo & Vincent Martinet, 2016. "Sustainability of an economy relying on two reproducible assets," Working Papers 2016/03, INRA, Economie Publique.
    3. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Genuine Saving and Conspicuous Consumption," Umeå Economic Studies 900, Umeå University, Department of Economics.
    4. Bluszcz Anna, 2016. "Classification of the European Union member states according to the relative level of sustainable development," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(6), pages 2591-2605, November.
    5. repec:eee:mateco:v:70:y:2017:i:c:p:51-65 is not listed on IDEAS
    6. repec:eee:resene:v:51:y:2018:i:c:p:18-27 is not listed on IDEAS
    7. Louis Dupuy & Koji Tokimatsu & Nick Hanley, 2017. "Using Genuine Savings for Climate Policy Evaluation with an Integrated Assessment Model," Discussion Papers in Environment and Development Economics 2017-07, University of St. Andrews, School of Geography and Sustainable Development.
    8. repec:gam:jsusta:v:10:y:2018:i:6:p:1947-:d:151732 is not listed on IDEAS

    More about this item

    Keywords

    Sustainability; Genuine savings; Ecological footprint; Social welfare; Overlapping generations;

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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