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Sustainable per Capita Consumption Under Population Growth by Geir B. Asheim; John M. Hartwick; Rintaro Yamaguchi is a Economics, Econometrics and Finance article available to read on EtoBox.

What is Sustainable per Capita Consumption Under Population Growth about?

We establish two investment rules for maximal constant per capita consumption under exogenous population growth, one in terms of total capital stocks and the other in terms of per capita capital stocks. Both rules show the importance of the development of future population growth. The investment rules are illustrated in the one-sector model of capital accumulation, the DHSS model of capital accumulation and resource depletion, and the Stollery–d’Autume–Schubert model in which natural capital provides amenities. Application to recent empirical evidence indicates that actual genuine savings might be insufficient to sustain per capita consumption, when future population growth is combined with a large per capita consumption-wage gap.

Who reads Sustainable per Capita Consumption Under Population Growth?

Author

Geir B. Asheim; John M. Hartwick; Rintaro Yamaguchi

Publisher

Elsevier BV

Published

2023

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)