Sustainable Development in an Aging Economy
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.
|Length:||18,  p.|
|Date of creation:||Aug 2001|
|Date of revision:|
|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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