RICHARD A. JENSEN, University of Notre Dame - Department of Economics, University of Notre Dame - Department of Economics and Econometrics
We
estimate the age distribution's impact on carbon dioxide emissions from 1990 to
2006 by exploiting demographic variation in a panel of 46 countries. To
eliminate potential bias from endogeneity or omitted variables, we instrument
for the age distribution in a country's current population with lagged birth
rates, and the regressions control for total population, total output, and
country and year fixed effects. Carbon dioxide emissions increase with the share
of the population aged 35 to 49 years, and this result is statistically
significant and quantitatively large.
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