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|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||Labor supply and growth effects of environmental policy under technological risk|
|Published in:||Macroeconomic Dynamics|
|Publisher / Ed. Institution:||Cambridge University Press|
|Subject (DDC):||330: Economics|
|Abstract:||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.|
|Further description:||Erworben im Rahmen der Schweizer Nationallizenzen (http://www.nationallizenzen.ch)|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||Center for Economic Policy (FWP)|
|Appears in collections:||Publikationen School of Management and Law|
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|labor_supply_and_growth_effects_of_environmental_policy_under_technological_risk.pdf||286.74 kB||Adobe PDF|
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Clemens, C., & Pittel, K. (2010). Labor supply and growth effects of environmental policy under technological risk. Macroeconomic Dynamics, 15(1), 31–59. https://doi.org/10.21256/zhaw-3958
Clemens, C. and Pittel, K. (2010) ‘Labor supply and growth effects of environmental policy under technological risk’, Macroeconomic Dynamics, 15(1), pp. 31–59. Available at: https://doi.org/10.21256/zhaw-3958.
C. Clemens and K. Pittel, “Labor supply and growth effects of environmental policy under technological risk,” Macroeconomic Dynamics, vol. 15, no. 1, pp. 31–59, 2010, doi: 10.21256/zhaw-3958.
Clemens, Christiane, and Karen Pittel. “Labor Supply and Growth Effects of Environmental Policy under Technological Risk.” Macroeconomic Dynamics, vol. 15, no. 1, 2010, pp. 31–59, https://doi.org/10.21256/zhaw-3958.
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