Pollution effects on labor supply and growth

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Auteurs
Date

2014

Discipline
Type de document
Périmètre
Langue
Identifiants
Source

HAL SHS (Sciences de l’Homme et de la Société)

Collection

Archives ouvertes

Organisation

Centre pour la communication scientifique directe

Licence

info:eu-repo/semantics/OpenAccess

Mots-clés En

pollution, endogenous labor supply, Ramsey model.

Sujets proches En

Environmental pollution Chemical pollution Pollution--Control Contamination of environment

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Stefano Bosi et al., « Pollution effects on labor supply and growth », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.2d7912...

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Some recent empirical contributions have pointed out a significant negative impact of pollution on labor supply. These impacts have been largely ignored in the theoretical literature, which, instead, focused on the case of pollution effects on consumption demand. In this paper, we study the short and long-run effects of pollution in a Ramsey model where pollution and labor supply are nonseparable arguments in households’ preferences. We determine sufficient conditions for existence and uniqueness of a longterm equilibrium and we show how large (negative) effects of pollution on labor supply may promotes macroeconomic volatility (deterministic cycles near the steady state) through a flip bifurcation.

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