Sustainable development in an aging economy

摘要

In this paper, we analyze the effects of population aging oneconomic growth and the environment in a two-period overlappinggenerations model of growth, aging, and the environment. We show thataging may be beneficial to economic growth and the environment underperfect annuitisation, while possibly harmful under imper- fectannuitisation. We also discuss the implications of our results forenvironmental policy in an aging economy.