Environmental Abatement and Intergenerational Redistribution

Lans Bovenberg and Ben Heijdra ()

No 00-08, EPRU Working Paper Series from Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

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 the oldest generations in terms of non-environmental welfare, future generations gain most in terms of environmental welfare. The overall benefits tend to be smallest for the 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.

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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 (1999)
Working Paper: Environmental Abatement and Intergenerational Distribution (1998)
Working Paper: Environmental Abatement and Intergenerational Distribution (1998)
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