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Tournemaine, F and Tsoukis, C (2015) The great transition: implications from environmental policy on the quality-quantity trade-off on children. Singapore Economic Review, 63 (5). pp. 1155-1174. ISSN 1793-6837

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Abstract

We develop an overlapping-generations model with human capital accumulation and endogenous fertility containing a pollution externality. We study the effects of an environmental policy on individuals' quality-quantity trade-off on children. In a Malthusian poverty trap, we show that a more stringent policy induces a reduction of fertility. In a state of perpetual development, we find a similar result and show that higher environmental quality, growth and welfare are compatible goals. Moreover, we show that the policy can be used as an instrument for initiating a country's great transition from a state of poverty to a state of development.

Item Type: Article
Additional Information: Published as TOURNEMAINE, F. & TSOUKIS, C., 2015. THE GREAT TRANSITION. The Singapore Economic Review, p.1550112. Available at: http://dx.doi.org/10.1142/s021759081550112x.
Uncontrolled Keywords: environmental policy, human capital, fertility, great transition
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Humanities and Social Sciences > Keele Business School
Depositing User: Symplectic
Date Deposited: 20 Nov 2015 12:22
Last Modified: 28 Feb 2020 11:34
URI: https://eprints.keele.ac.uk/id/eprint/1051

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