The great transition: Implication from environmental policy on the quality-quantity trade-off on children

  • Published 2015


We develop an overlapping-generations model with human capital accumulation and endogenous fertility containing a pollution externality. In such a framework, we study the effects of an environmental policy change on individuals’ quality-quantity trade-off on children. In a Malthusian poverty trap, we show that a more stringent policy induces a reduction of… (More)


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