2005 Fiscal Year Final Research Report Summary
Policy Designs for Environmental Quality and Fertility
| Project/Area Number |
16530215
|
|---|
| Research Category |
Grant-in-Aid for Scientific Research (C)
|
| Allocation Type | Single-year Grants |
|---|
| Section | 一般 |
|---|
| Research Field |
Public finance/Monetary economics
|
|---|
| Research Institution | Shimonoseki City University |
|---|
Principal Investigator |
SATO Takashi Shimonoseki City University, Department of Economics, Associate Professor, 経済学部, 助教授 (90235359)
|
|---|
| Co-Investigator(Kenkyū-buntansha) |
KAMADA Kimiyoshi Chukyo University, Department of Economics, Professor, 経済学部, 教授 (50224647)
|
|---|
| Project Period (FY) |
2004 – 2005
|
| Keywords | Pollution Externality / Environmental Quality / Fertility / Altruism / Social Optimum / Optimal Policy / Bequest |
|---|
| Research Abstract |
We investigate the interaction between environmental quality and fertility in an altruistic bequest model with pollution externalities created by the aggregate production. The altruistic parents choose the number of children and leave bequests to their children without taking into account the effects of their decisions on production and thus on pollution.
We show that, despite the externality related to the endogenous child-bearing decisions, the parents may choose to have fewer children in the competitive economy than in the social optimum. Even in such a situation, however, the government needs to impose positive taxes on childbearing as well as on inheritance to achieve optimality.
|
