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Demography and pollution

Author

Listed:
  • Stefano Bosi
  • David Desmarchelier

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

In this paper, we consider an OG model with endogenous fertility and pollution externalities. We assume that pollution lowers the productivity. In the long run, under dominant income (substitution) effects, a raise in the cost of rearing children, increases (decreases) consumption and decreases (increases) pollution. In the short run, under dominant income effects, a sufficiently low pollution elasticity of labor productivity promotes deterministic cycles through a Hopf bifurcation jointly with expectations-driven fluctuations.
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Suggested Citation

  • Stefano Bosi & David Desmarchelier, 2013. "Demography and pollution," Post-Print hal-01410651, HAL.
    • Handle: RePEc:hal:journl:hal-01410651
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    References listed on IDEAS

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    Cited by:

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    2. Eisei Ohtaki, 2023. "Does climate change lead financial instability?: A benchmark result," Working Papers e175, Tokyo Center for Economic Research.
    3. Eisei Ohtaki, 2023. "Climate change, financial intermediation, and monetary policy," Working Papers e179, Tokyo Center for Economic Research.

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