Climate change, population ageing and public spending: Evidence on individual preferences
Abstract
Economic theory as well as empirical research suggest that elderly people prefer public spending on policies yielding short-term benefits. This might be bad news for policies aimed at combating climate change: while the unavoidable costs of these policies arise today, the expected benefits occur in the distant future. Drawing on data from over 12,000 households and using the ordered logit and the generalized ordered logit model, we analyze...
Paper Details
Title
Climate change, population ageing and public spending: Evidence on individual preferences
Published Date
Sep 1, 2018
Journal
Volume
151
Pages
173 - 183
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