Sustainable development in an aging economy

Tetsuo Ono and Yasuo Maeda

Environment and Development Economics, 2002, vol. 7, issue 01, pages 9-22

Abstract: In this paper, we analyze the effects of population aging on economic growth and the environment in a two-period overlapping generations model of growth, aging, and the environment. We show that aging may be beneficial to economic growth and the environment under perfect annuitisation, while possibly harmful under imperfect annuitisation. We also discuss the implications of our results for environmental policy in an aging economy.

Date: 2002
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Working Paper: Sustainable Development in an Aging Economy (2001)
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Persistent link: http://EconPapers.repec.org/RePEc:cup:endeec:v:7:y:2002:i:01:p:9-22_00

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