Submitted:
20 March 2018
Posted:
20 March 2018
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Abstract
In this paper we take China’s one child policy as an example and investigate its environmental impact. We develop a model for an economy using a standard overlapping generation model extended with human capital, endogenous fertility, and changing life expectancy. To model the environmental impact of economic activities, we use a modified IPAT model. We show that China’s one child has a very strong positive impact on the environment, particularly if we consider the whole human legacy.
Keywords:
one-child policy
; environment
; OLG model
; fertility
; human capital
; child tax
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