Demography and pollution |
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Authors: | Stefano Bosi David Desmarchelier |
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Institution: | 1. EPEE, University of Evry, France;2. EQUIPPE, University of Lille 1, France |
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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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Keywords: | Pollution Fertility Indeterminacy |
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