A NOTE ON INDETERMINACY IN OVERLAPPING GENERATIONS ECONOMIES WITH ENVIRONMENT AND ENDOGENOUS LABOR SUPPLY

Thomas Seegmuller and Alban Verchère

Macroeconomic Dynamics, 2007, vol. 11, issue 3, 423-429

Abstract: We consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results, the emergence of endogenous fluctuations does not require a high emission rate of pollution.

Date: 2007
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Working Paper: A Note on Indeterminacy in Overlapping Generations Economies with Environment and Endogenous Labor Supply (2007)
Working Paper: A Note on Indeterminacy in Overlapping Generations Economies with Environment and Endogenous Labor Supply (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:macdyn:v:11:y:2007:i:03:p:423-429_06

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