Reconsidering the Impact of Environment on Long-Run Growth When Pollution Influences Health and Agents Have Finite-Lifetime

Using an overlapping generation model a la Blanchard (1985) with human capital accumulation, this article demonstrates that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution on life expectancy. It also shows that, in such a case, greener preferences are growth- and welfare-improving even if the ability of the agents to learn is independent to pollution and utility is additively separable. Finally, it establishes that it is possible to implement a win-win environmental policy

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Year of publication:	[2014]
Authors:	Pautrel, Xavier
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Umweltbelastung \| Pollution \| Theorie \| Theory \| Wirtschaftswachstum \| Economic growth \| Gesundheitsrisiko \| Health risk \| Sterblichkeit \| Mortality \| Overlapping Generations \| Overlapping generations \| Bildungsinvestition \| Human capital investment \| Gesundheit \| Health

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