Discussion Paper
A Dynamic Analysis of Human Welfare in a Warming Planet
Climate science indicates that climate stabilization requires low GHG emissions. Is this consistent with nondecreasing human welfare?
Our welfare index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We construct and calibrate a multigenerational model with intertemporal links provided by education, physical capital, knowledge and the environment.
Our welfare index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We construct and calibrate a multigenerational model with intertemporal links provided by education, physical capital, knowledge and the environment.