Environmental Abatement and Intergenerational Distribution

Lans Bovenberg and Ben Heijdra ()

Environmental & Resource Economics, 2002, vol. 23, issue 1, 45-84

Abstract: This paper employs an overlapping-generations model to explore the impactof public abatement on private investment and the intergenerationaldistribution of welfare. Whereas public abatement benefits the oldestgenerations in terms of non-environmental welfare, future generations gainmost in terms of environment welfare. The overall benefits tend to besmallest for generations born at the time of the unanticipated policy shock.Public debt policy, however, can be employed to ensure that welfare gainsare distributed more equally across the various generations. Such a policyimplies that natural capital crowds-out man-made capital. Copyright Kluwer Academic Publishers 2002

Keywords: debt policy; intergenerational welfare effects; overlapping generations; public environmental abatement (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

Downloads: (external link)
http://hdl.handle.net/10.1023/A:1020236812676 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Environmental abatement and intergenerational distribution (1999)
Working Paper: Environmental abatement and intergenerational distribution (1999)
Working Paper: Environmental Abatement and Intergenerational Distribution (1998)
Working Paper: Environmental Abatement and Intergenerational Distribution (1998)
Working Paper: Environmental Abatement and Intergenerational Redistribution
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:23:y:2002:i:1:p:45-84

Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2

DOI: 10.1023/A:1020236812676

Access Statistics for this article

Environmental & Resource Economics is currently edited by Ian J. Bateman

More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().