2011
DOI: 10.1016/j.econmod.2010.09.022
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Existence and stability of overconsumption equilibria

Abstract: Growth models with endogenous mortality assume generally that life expectancy is increasing with output per capita and, thus, with individual consumption, whatever its level is. However, empirical evidence supports a U-shaped relationship between consumption and mortality, implying that the monotonicity of that relation is local but not global. This paper develops a two-period OLG model where life expectancy is a non-monotone function of consumption, and where agents form myopic anticipations about life expect… Show more

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Cited by 9 publications
(10 citation statements)
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“…These definitions are mainly consequential. Using the categories of Table , two of the studies define overconsumption as consumption that is harmful to the physical health of the individual: ‘consumption at a rate that leads to bad future outcomes such as excess weight is considered overconsumption’ (*Jain, , p. 37) and, ‘consumption exceeds the level maximizing life expectancy’ (*Ponthiere, , p. 74). A third study discusses a broader class of consequences that could be on both an individual and a societal level: ‘[consumption] of goods that are detrimental to personal and societal well‐being, as some level of consumption is necessary to maintain life in modern societies’ (*Albinsson and Perera, , p. 304).…”
Section: Resultsmentioning
confidence: 99%
“…These definitions are mainly consequential. Using the categories of Table , two of the studies define overconsumption as consumption that is harmful to the physical health of the individual: ‘consumption at a rate that leads to bad future outcomes such as excess weight is considered overconsumption’ (*Jain, , p. 37) and, ‘consumption exceeds the level maximizing life expectancy’ (*Ponthiere, , p. 74). A third study discusses a broader class of consequences that could be on both an individual and a societal level: ‘[consumption] of goods that are detrimental to personal and societal well‐being, as some level of consumption is necessary to maintain life in modern societies’ (*Albinsson and Perera, , p. 304).…”
Section: Resultsmentioning
confidence: 99%
“…Należy ją tym samym traktować jako wyraz dobrych chęci, bądź postulat, jak ma to choćby miejsce w przypadku wskazań zawartych w Agendzie 21. Koncepcja zrównoważonej konsumpcji nie została bowiem ujęta w ramy legislacyjnych przepisów, bądź rozporządzeń służących wprowadzeniu realnych, a przy tym koniecznych przemian w obszarze wdrażania i reorganizacji sumpcji (the turbo-consumption) (Carr et al 2012, Arnould and Thompson 2005, Dhar and Wertenbroch 2000, Ponthiere 2011, Slater 1997, Schwartz 2010, Esposti 2015. 3 Omawiany w literaturze przedmiotu rozwój przyspieszony (the accelerated development), lub szybki (the turbo development, the fast development), to rozwój z założenia gwałtowny (the rapid development) i dokonujący się dzięki wsparciu nowoczesnych technologii, stąd utożsamiany z rozwojem typu high-tech (the high-tech development).…”
Section: Trudności Związane Z Wdrażaniem Konsumpcji Zrównoważonejunclassified
“…For example, "If consumption leads to adverse consequences, such as overweight, it is considered as over-consumption" (Jain, 2012), "Consumption exceeds the level that the body can tolerate." (Ponthiere, 2011).…”
Section: A Relevant Definitions Of Over-consumptionmentioning
confidence: 99%