A Note on Indeterminacy in Overlapping Generations Economies with Environment and Endogenous Labor Supply

We consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results, the emergence of endogenous fluctuations does not require a high emission rate of pollution.

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Year of publication:	2007-06
Authors:	Seegmuller, Thomas ; Verchère, Alban
Institutions:	HAL
Subject:	Environment \| labor supply \| overlapping generations \| indeterminacy \| endogenous cycles

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00194230 Published, Macroeconomic Dynamics, 2007, 11, 3, 423-429
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750468