Sustainable development in an aging economy

Ono, Tetsuo; Maeda, Yasuo

doi:10.1017/s1355770x02000025

Cited by 15 publications

(11 citation statements)

References 18 publications

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“…Jouvet, Phillippe, and Vidal (2000) construct an OGM model that includes a pollution externality in which individuals are altruistically linked to their offspring. Ono and Maeda (2001, 2002) analyze the effects of population aging on economic growth and the environment.…”

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confidence: 99%

Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs

Gutiérrez

2008

J Public Economic Theory

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We analyze an overlapping generations model in which pollution arises, in an accumulatively way, from production. Householders do not care directly about the environment, but pollution leads them to incur health costs when they are elderly. We show that the presence of pollution means that the economy more likely to be dynamically inefficient. For these cases we analyze two kinds of tax scheme: one based on production taxes and the other based on capital and wage taxes. We show how to design both schemes to put the economy into the golden rule allocation. We also show that under the production tax scheme young and elderly agents pay less taxes (or receive more transfers) than under the production tax system. Copyright � 2008 Wiley Periodicals, Inc..

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confidence: 99%

Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs

Gutiérrez

2008

J Public Economic Theory

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“…This formulation can be viewed in John et al (1995), Pecchenino and Pollard (1997), Maeda (2002), andOno(2002).…”

Section: Propositionmentioning

confidence: 99%

“…Focusing on those notions, they showed that whether aging is harmful to the environment depends on the curvature of utility function. Besides, Ono and Maeda (2002) further analyzed the effects of population aging on economic growth and the environment. They showed that the public annuity is a key factor in evaluating the effects of aging.…”

Section: Introductionmentioning

confidence: 99%

Is Social Security Harmful to the Environmental Quality?

Liang¹,

Wu²

2013

IJEF

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This paper utilizes the two-period overlapping generations model developed by John and Pecchenino (1994) to examine the impacts of the social security program on environment quality. The main findings are as follows. First, a higher social security benefit leads to a lower environmental quality. Second, the competitive equilibrium is dynamically inefficient in the presence of the consumption externalities. Finally, two kinds of tax scheme, one based on differential environmental taxes and the other based on uniform environmental taxes, are designed to put the economy into the optimal allocation.

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“…With respect to Ono (2005) and Ono and Maeda (2001) who study the impact of increasing lifespan on the voted environmental policy, we model also the reverse effect that environmental quality has on longevity, while in these models lifespan is taken as exogenous. In common with these models of lifecycle savings and uncertain survival in the retirement period, we consider annuity markets to deal with savings left by predeceased agents (see also Pecchenino and Pollard 1997;Ono and Maeda 2002). By doing so, we are able to assess the effects of an improvement in the annuity markets' degree of completeness in terms of health expenditure, environmental quality, life expectancy and welfare.…”

Section: Literature Reviewmentioning

confidence: 99%

Aging society, health and the environment

Balestra

Dottori

2011

J Popul Econ

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In a general-equilibrium OLG model with endogenous longevity, a political economy and a social planner solution are contrasted mainly with respect to public supplies of health care and environment protection. The latter is relatively more supported by the young because its beneficial effect on longevity takes more time to occur but then lasts longer; while the old relatively prefer health spending. With population aging, political claims for health care expenditure are self-reinforcing. This framework is able to generate a quite rich set of results. In the political economy larger health care/consumption and health care/environmental quality ratios are implemented. Changes in Responsible editor: Junsen Zhang Electronic supplementary material The online version of this article (

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Sustainable development in an aging economy

Cited by 15 publications

References 18 publications

Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs

Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs

Is Social Security Harmful to the Environmental Quality?

Aging society, health and the environment

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