Intergenerational Altruism and the Environment

We construct an overlapping generations model of pollution externality in which individuals are altruistically linked to their offspring as in Barro (1974). It is shown that steady‐state consumption may be a decreasing function of the intergenerational degree of altruism. Despite individuals' altruism, the competitive equilibrium is not optimal. We thus study the social optimum and show that it can be decentralized. JEL classification: D 62; D 64; D 91

Biology · Economics · Externality · Microeconomics · Offspring · Overlapping generations model · Sociology · Climate Change Policy and Economics · Fiscal Policy and Economic Growth · Global Health Care Issues · Psychology · Social Psychology

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  Tetsuo Ono•FinanzArchiv•2007

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• Aging society, health and the environment

  Open Access•Carlotta Balestra, Davide Dottori•Journal of Population Economics•2011

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  Jean De Beir, Mouez Fodha et al.•Revue économique•2007

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• Life expectancy and the environment

  Open Access•Fábio Mariani, Agustín Pérez‐Barahona et al.•Journal of Economic Dynamics and…•2009

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• Altruism, human capital and environmental preservation in a globalized economy

  Open Access•Stéphane Bouché, Leonor Modesto•Journal of Economic Behavior &…•2025

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• Environmental Attitudes and Behaviors among Pagans

  Deirdre Sommerlad‐Rogers•Pomegranate The International…•2014

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• The opportunity cost of delaying climate action

  Open Access•Klaus Glenk, Michela Faccioli et al.•Global Environmental Change•2021

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• Chapter 15 Intergenerational altruism and neoclassical growth models

  Philippe Michel, Emmanuel Thibault et al.•Handbook of the Economics of…•2006

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• Could environmental public policy be harmful for the environment

  Mouez Fodha•Recherches économiques de Louvain•2011

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• Life Expectancy and the Environment

  Open Access•Fábio Mariani, Agustin Perez Barahona et al.•SSRN Electronic Journal•2009

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• Equilibrium with a Market of Permits

  Open Access•Pierre‐André Jouvet, Pierre-André Jouvet et al.•SSRN Electronic Journal•2004

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• Protection mixte de l'environnement et externalités intergénérationnelles

  Mouez Fodha•Revue économique•2009

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• Intergenerational Altruism and Neoclassical Growth Models

  Open Access•Philippe Michel, Emmanuel Thibault et al.•SSRN Electronic Journal•2004

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• Environmental Quality, Public Debt and Economic Development

  Open Access•Mouez Fodha, Thomas Seegmuller•Environmental and Resource…•2013

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• Optimal growth with pollution

  Open Access•Pierre‐André Jouvet, Pierre-André Jouvet et al.•Journal of Economic Dynamics and…•2004

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• Altruism, intergenerational transfers of time and bequests

  Open Access•Emanuela Cardia, Philippe Michel•Journal of Economic Dynamics and…•2003

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• Irreversibility and uncertainty cause an intergenerational equity-efficiency trade-off

  Open Access•Nikolai Hoberg, Sarah Baumgartner et al.•Ecological Economics•2017

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  Open Access•Gregory Ponthiere•Mathematical Social Sciences•2016

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• Éthique environnementale et développement durable

  Open Access•Sylvie Ferrari•Développement durable et…•2010

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• Are Government Bonds Net Wealth

  Robert J Barros, Robert J Barro•Journal of Political Economy•1974

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• An Overlapping Generations Model of Growth and the Environment

  Andrew John, Rowena A Pecchenino et al.•The Economic Journal•1994

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