LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK

Clemens C, Pittel K (2011)
Macroeconomic Dynamics 15(01): 31-59.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
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Abstract / Bemerkung
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. We show that the randomness of production, as well as the endogeneity of labor supply, affects the equilibrium solutions for the social planner and for the market economy. We analyze the effects of environmental policy, discuss conditions for an optimal policy, and find that the response of labor supply to changes in the model parameters and to variations in the policy instruments crucially depends on the volatility of output.
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Zeitschriftentitel
Macroeconomic Dynamics
Band
15
Zeitschriftennummer
01
Seite
31-59
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Clemens C, Pittel K. LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK. Macroeconomic Dynamics. 2011;15(01):31-59.
Clemens, C., & Pittel, K. (2011). LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK. Macroeconomic Dynamics, 15(01), 31-59. doi:10.1017/S1365100509990988
Clemens, C., and Pittel, K. (2011). LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK. Macroeconomic Dynamics 15, 31-59.
Clemens, C., & Pittel, K., 2011. LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK. Macroeconomic Dynamics, 15(01), p 31-59.
C. Clemens and K. Pittel, “LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK”, Macroeconomic Dynamics, vol. 15, 2011, pp. 31-59.
Clemens, C., Pittel, K.: LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK. Macroeconomic Dynamics. 15, 31-59 (2011).
Clemens, Christiane, and Pittel, Karen. “LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK”. Macroeconomic Dynamics 15.01 (2011): 31-59.