Environmental abatement and intergenerational distribution

A. Lans Bovenberg and Ben Heijdra ()

No 199907, CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research

Abstract: This paper employs an overlapping generations model to explore the impact of public abatement on private investment and the intergenerational distribution of welfare. Whereas public abatement benefits old generations in terms of non-environmental welfare, future generations gain most in terms of environmental welfare. The overall benefits tend to be smallest for generations born at the time of the unanticipated policy shock. Public debt policy, however, can be employed to ensure that welfare gains are distributed more equally across the various generations. Such a policy implies that natural capital crowds out man-made capital.

Date: 1999
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Related works:
Journal Article: Environmental Abatement and Intergenerational Distribution (2002)
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
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