Labor Supply and Growth Effects of Environmental Policy under Technological Risk
Christiane Clemens and
No 8009, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management
This paper analyzes the effects of technological risk on long–run growth when labor supply is elastic and production gives rise to a pollution externality. For the social planner as well as for the market economy we show that the randomness of production as well as the endogeneity of labor supply matter with respect to the equilibrium solution. The direction in which changes in the model parameters as well as changes of policy instruments influence labor supply and growth depends crucially on the volatility of output.
Keywords: stochastic growth; pollution; abatement; elastic labor supply (search for similar items in EconPapers)
JEL-codes: Q5 O4 D8 D9 (search for similar items in EconPapers)
Pages: 27 pages
New Economics Papers: this item is included in nep-dge, nep-ene and nep-env
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.ww.uni-magdeburg.de/fwwdeka/femm/a2008_Dateien/2008_09.pdf First version, 2008 (application/pdf)
Journal Article: LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK (2011)
Working Paper: Labor supply and growth effects of environmental policy under technological risk (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mag:wpaper:08009
Access Statistics for this paper
More papers in FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by Guido Henkel ().