Dec
11
The Economic Consequences of Youth Pessimism About Climate Risk: Lessons from Slemrod's "Savings and the Fear of Nuclear War"
The media keeps running articles that Greta Thunberg and a majority of the world's young people worry that "society is doomed" because of climate change. I understand that they seek to create a political movement to enact a global carbon tax. I support the carbon tax but do they really believe their rhetoric? Are they really such adaptation pessimists? What are the implications of their mindset for their mental health and their investment in themselves at this key point in their life-cycle?
Joel Slemrod is a top economist at the University of Michigan. In 1986, he published a paper that today only has 40 citations. It was titled; "Savings and the Fear of Nuclear War" . The point of this blog post is to rehabilitate his paper in a new context.
Joel Slemrod is a top economist at the University of Michigan. In 1986, he published a paper that today only has 40 citations. It was titled; "Savings and the Fear of Nuclear War" . The point of this blog post is to rehabilitate his paper in a new context.
