Growth, Intergenerational Welfare, and Environmental Policies in an Overlapping Generations Economy

Released on by Hsun Chu
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  • Growth, Intergenerational Welfare, and Environmental Policies in an Overlapping Generations Economy Book Detail

  • Author : Hsun Chu
  • Release Date : 2018
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 47,47 MB
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Growth, Intergenerational Welfare, and Environmental Policies in an Overlapping Generations Economy by Hsun Chu PDF Summary

Book Description: This paper examines the effects of the environmental tax on long-run growth and intergenerational welfare in a discrete-time overlapping generations (OLG) model. We highlight that the role regarding how the environmental tax revenues are distributed between the young or old generations has important implications for the growth and welfare effects. Our results indicate that raising the environmental tax can exert different effects on the environmental utility of the existing young and old generations, implying an intergenerational welfare conflict of the environmental policy. However, if tax revenues are distributed appropriately, our numerical simulation shows that it is possible for a higher environmental tax to improve the welfare of all generations.

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Handbook on Energy and Economic Growth

Handbook on Energy and Economic Growth

File Size : 48,48 MB
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This comprehensive Handbook examines the links between energy, the economy, and the environment. Esteemed international experts explore the ways in which energy