Is Aging Harmful to the Environment? |
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| Authors: | Tetsuo Ono and Yasuo Maeda |
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| Affiliation: | (1) College of Economics, Osaka Prefecture University, Sakai, Osaka, 599-8531, Japan;(2) Faculty of Economics, Osaka University, Toyonaka, Osaka, 560-0043, Japan |
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| Abstract: | How does aging affect the environment? We analyze this question using anoverlapping generations model featuring uncertain lifetimes andenvironmental externalities. We show that whether aging is harmful to theenvironment depends on the curvature of utility function, which ismeasured by the degree of relative risk aversion. We also explore theimplication of the results for environmental policy in an aging society. |
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| Keywords: | aging environmental externality intergenerational externality overlapping generations uncertain lifetimes |
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