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Pré-Publication, Document De Travail Année : 2014

Pollution effects on labor supply and growth

Stefano Bosi
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David Desmarchelier
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Lionel Ragot

Résumé

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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Dates et versions

hal-04141327 , version 1 (26-06-2023)

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  • HAL Id : hal-04141327 , version 1

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Stefano Bosi, David Desmarchelier, Lionel Ragot. Pollution effects on labor supply and growth. 2014. ⟨hal-04141327⟩
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