THE GREAT TRANSITION: IMPLICATIONS FROM ENVIRONMENTAL POLICY FOR THE QUALITY–QUANTITY TRADE-OFF IN CHILDREN-REARING

Frederic Tournemaine and Christopher Tsoukis

The Singapore Economic Review (SER), 2018, vol. 63, issue 05, 1155-1174

Abstract: We develop an overlapping-generations model with human capital accumulation and endogenous fertility containing a pollution externality. We study the effects of an environmental policy on individuals’ quality–quantity trade-off on children. In a Malthusian poverty trap, we show that a more stringent policy induces a reduction of fertility. In a state of perpetual development, we find a similar result and show that higher environmental quality, growth and welfare are compatible goals. Moreover, we show that the policy can be used as an instrument for initiating a country’s great transition from a state of poverty to a state of development.

Keywords: Environmental policy; human capital; fertility; great transition (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S021759081550112X

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