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Population under a Cap on Greenhouse Gas Emissions

  • Henning Bohn
  • Charles Stuart

A cap on greenhouse gas emissions makes total emissions a fixed common-property resource. Population increases under a cap are therefore self-limiting: a population increase raises labor and reduces emissions per unit of labor, which lowers incomes and fertility. Because a marginal birth under a cap lowers all incomes, a cap induces a negative population externality. The externality is substantial in calibrations, about 20 percent of income in steady state and 5 percent of income immediately after imposition, or more, per child. Similarly, the optimal population may be one-quarter of the natural population in steady state.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2010/wp-cesifo-2010-05/cesifo1_wp3046.pdf
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 3046.

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Date of creation: 2010
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Handle: RePEc:ces:ceswps:_3046
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