LABOR SUPPLY AND GROWTH EFFECTS OF ENVIRONMENTAL POLICY UNDER TECHNOLOGICAL RISK

Environmental policy and technological

Environmental Policy and Technological Change

The relationship between technological change and environmental policy has received increasing attention from scholars and policy makers alike over the past ten years. This is partly because the environmental impacts of social activity are significantly affected by technological change, and partly because environmental policy interventions themselves create new constraints and incentives that a...

Labor Supply Effects of the Earned Income Tax Credit under Labor Supply Restrictions

Previous empirical papers find that single mothers respond to EITC changes through the labor force participation (extensive) margin, not through the hours (intensive) margin. This is not predicted by standard labor supply models. My paper investigates labor supply effects of the EITC with a structural model, augmented with two factors that limit workers’ hours choices: costs of working and diff...

Induced effects and technological innovation with strategic environmental policy

This paper investigates an environmental policy designed to reduce the emission of pollutants under uncertainty, where the agents’ problem is formulated as an optimal stopping problem. We first analyze the single-agent’s case according to Pindyck [Pindyck, R.S., 2002. Optimal timing problems in environmental economics. Journal of Economic Dynamics and Control 26, 1677–1697]. We then extend the ...

Labor supply with job assignment under balanced growth

We consider a competitive equilibrium growth model where technological progress is embodied into new jobs which are assigned to workers of different skills. In every period workers decide whether to actively participate in the labor market and if so how many hours to work on the job. Balanced growth requires that the job technology is complementary with the worker’s total labor input in the job...