On sustainability and social welfare

Marc Fleurbaey

Journal of Environmental Economics and Management, 2015, vol. 71, issue C, 34-53

Abstract: This paper proposes to define sustainability in terms of leaving it possible for future generations to sustain certain defined targets. It is shown that variants of genuine savings and the ecological footprint can then serve as indicators of sustainability. The link between sustainability and intergenerational welfare is examined, and it is shown how to incorporate indicators of sustainability into a social welfare measure, including risk in the analysis.

Keywords: Sustainability; Genuine savings; Ecological footprint; Social welfare; Overlapping generations (search for similar items in EconPapers)
JEL-codes: D6 D9 O2 Q5 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:71:y:2015:i:c:p:34-53

DOI: 10.1016/j.jeem.2015.02.005

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