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Labor Supply and Growth Effects of Environmental Policy under Technological Risk

Christiane Clemens and Karen Pittel

No 8009, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: 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
Date: 2008-03
New Economics Papers: this item is included in nep-dge, nep-ene and nep-env
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http://www.ww.uni-magdeburg.de/fwwdeka/femm/a2008_Dateien/2008_09.pdf First version, 2008 (application/pdf)

Related works:
Journal Article: LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK (2011) Downloads
Working Paper: Labor supply and growth effects of environmental policy under technological risk (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:mag:wpaper:08009

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