NDLI: Consumption, time and the environment

Content Provider	Springer Nature Link
Author	Cogoy, Mario
Copyright Year	2010
Abstract	This paper combines a time-allocation approach with a model of economic dynamics, based on the accumulation of human capital, and constrained by the environment. Consumption is modelled as an activity, combining time and commodities, and embedded in the environment. An economic interpretation for a structural shortage of time in consumption activities is suggested. It is also shown, that the environmental embeddedness of consumption can contribute to restoring more balanced proportions of time and commodities in consumption. In a dynamic setting the paper also discusses the effects of discounting on consumption, the use of time and the environment. It is found that, within a certain range of the rate of discount, a ‘discounting trap’ may arise, significantly depressing the level of environmental quality in the long-run equilibrium.
Starting Page	459
Ending Page	477
Page Count	19
File Format	PDF
ISSN	15695239
Journal	Review of Economics of the Household
Volume Number	8
Issue Number	4
e-ISSN	15737152
Language	English
Publisher	Springer US
Publisher Date	2010-03-27
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Time allocation Human capital Sustainable consumption Discounting Social Sciences Population Economics Labor Economics Microeconomics
Content Type	Text
Resource Type	Article
Subject	Social Sciences Economics and Econometrics

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Consumption, time and the environment