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We build a model that takes into consideration the evolution of health over the life cycle and its consequences on individual optimal choices. In this framework, the effects of environmental taxation are not limited to the traditional negative crowding-out and positive productivity effects. We...
Persistent link: https://www.econbiz.de/10010899729
We revisit the influence of environmental policy on economic activity taking into account the impact of pollution on morbidity and its effect on the labor productivity age-profile. We find that the negative effect of environmental policy on the standard of living is modified by two opposite...
Persistent link: https://www.econbiz.de/10011187964
We build a model that takes into consideration the evolution of health over the life cycle and its consequences on individual optimal choices. In this framework, the effects of environmental taxation are not limited to the traditional negative crowding-out and positive productivity effects. We...
Persistent link: https://www.econbiz.de/10014145282
This article challenges the conventional result that a tighter environmental tax has no long-run effect on human capital accumulation in the presence of pollution arising from final output production. It demonstrates that the technology used in the abatement sector determines the existence and...
Persistent link: https://www.econbiz.de/10008855841
This article demonstrates that when finite lifetime is introduced in a Lucas (1988) growth model where the source of pollution is physical capital, the environmental policy may enhance the growth rate of a market economy, while pollution does not influence educational activities, labor supply is...
Persistent link: https://www.econbiz.de/10008793640
This note shows that the assumptions about the abatement technology modify the impact of the environmental taxation on the long-run growth driven by human capital accumulation à la Lucas (1988), when lifetime is finite. Whereas no impact of the environmental policy on long-run growth is found...
Persistent link: https://www.econbiz.de/10008793985
In a two-period overlapping generations model, this paper demonstrates that the relationship between environmental taxation and economic activity (output level and output growth) becomes inverted-U shaped when the detrimental impact of pollution on health and the private decision of each...
Persistent link: https://www.econbiz.de/10008794863
This article demonstrates that when finite lifetime is introduced in a Lucas (1988) growth model, the environmental policy may enhance growth both in the short- and the long-run, while pollution does not influence educational activities, labor supply is not elastic and human capital does not...
Persistent link: https://www.econbiz.de/10008773052
I propose a new overlapping generations model, in which individuals face different income levels, life expectancies and borrowing constraints to study Ramsey optimal taxation. Contrary to previous contributions, I find that optimal capital income taxation generally differs from zero in the long...
Persistent link: https://www.econbiz.de/10009650780
We build a theoretical model to explain the complex patterns of income and obesity, accounting for changes in behavior related to exercise. We combine the theory of time allocation with the theory of conspicuous leisure in a growth model, assuming that consumption expenditures connected to...
Persistent link: https://www.econbiz.de/10013219520