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Environmental policy and social status preference for education in an Uzawa–Lucas model
Bulletin of Economic Research ( IF 0.888 ) Pub Date : 2020-08-01 , DOI: 10.1111/boer.12259
Yoshihiro Hamaguchi 1
Affiliation  

We investigate the growth effect of environmental policy in the Uzawa-Lucas model with social status preference for education, finding for resource reallocation effect and substitution effect. The former implies decreasing human capital by raising the occupational cost of education, while the latter implies increasing human capital by enhancing the status-seeking need for education. Thus, stricter environmental policy has a U-shaped effect on the growth rate. However, the policy has no effect on the growth rate in the absence of social status preference. Our results imply that social status preference is essential for environmental policy to enhance growth rate.

中文翻译:

Uzawa-Lucas 模型中教育的环境政策和社会地位偏好

我们研究了 Uzawa-Lucas 模型中环境政策对教育的社会地位偏好的增长效应,发现了资源重新配置效应和替代效应。前者意味着通过提高教育的职业成本来减少人力资本,而后者意味着通过提高对教育的地位寻求需求来增加人力资本。因此,更严格的环境政策对增长率具有 U 型效应。但是,在没有社会地位偏好的情况下,该政策对增长率没有影响。我们的结果意味着社会地位偏好对于提高增长率的环境政策至关重要。
更新日期:2020-08-01
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