Fagnart, Jean-François; Germain, Marc; Van der Linden, … - 2021
production to zero, we show that the effects of a WTR on (un)employment depend on the abundance of natural capital. If it is … unlimited, the economy converges toward a balanced growth path and a WTR lowers output, employment and wage levels along this … and employment if natural capital is scarce enough, which is necessarily the case if technical progress on produced …