Short-lived agents and the long-lived environment

Can Education Be Good for Both Growth and the Environment?

“…Private agents, whose welfare depends on environmental quality and consumption, have the opportunity to devote part of their resources to environmental maintenance. In this respect, our model also extends the OLG models developed by John and Pecchenino (1994) and John et al (1995).…”

The Rise and Fall of the Environmental Kuznets Curve

“…Lopez (1994) and Selden and Song (1995) assume infinitely lived agents, exogenous technological change and that pollution is generated by production and not by consumption. John and Pecchenino (1994), John et al (1995), andMcConnell (1997) develop models based on overlapping generations where pollution is generated by consumption rather than by production activities. Additionally Stokey (1998) Stokey's (1998) model, arguing that satiation in consumption is needed to generate the EKC.…”

Sustainable development in an aging economy

“…A longer life-span yields smaller unintentional bequests and thus lowers the level of the young agents' wealth. This implies a negative income effect on investment in capital 1 John and Pecchenino (1994), John et al (1995), and Jouvet et al (1997) analyze optimal allocation of capital and the environment. Howarth and Norgaard (1990), Howarth (1991) and Mourmouras (1993) discuss intergenerational equity.…”

“…To pursue our goals, we utilize the overlapping generations model of growth and the environment by Pecchenino and Pollard (1997), and extend it by incorporating environmental externalities along the line of John and Pecchenino (1994) and John et al (1995). A negative aspect of the effect of aging on growth and the environment is captured by a decrease in unintentional bequests.…”

“…2 John et al (1995) develop a model with environmental externalities and population growth. They show that a higher population growth rate lowers environmental quality per capita but could raise the aggregate quality of the environment.…”