On sustainability and social welfare

Marc Fleurbaey

doi:10.1016/j.jeem.2015.02.005

On sustainability and social welfare

Marc Fleurbaey

Princeton School of Public and International Affairs

Research output: Contribution to journal › Article › peer-review

40 Scopus citations

Abstract

This paper proposes to define sustainability in terms of leaving it possible for future generations to sustain certain defined targets. It is shown that variants of genuine savings and the ecological footprint can then serve as indicators of sustainability. The link between sustainability and intergenerational welfare is examined, and it is shown how to incorporate indicators of sustainability into a social welfare measure, including risk in the analysis.

Original language	English (US)
Pages (from-to)	34-53
Number of pages	20
Journal	Journal of Environmental Economics and Management
Volume	71
DOIs	https://doi.org/10.1016/j.jeem.2015.02.005
State	Published - May 2015

All Science Journal Classification (ASJC) codes

Economics and Econometrics
Management, Monitoring, Policy and Law

Keywords

Ecological footprint
Genuine savings
Overlapping generations
Social welfare
Sustainability

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10.1016/j.jeem.2015.02.005

Cite this

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abstract = "This paper proposes to define sustainability in terms of leaving it possible for future generations to sustain certain defined targets. It is shown that variants of genuine savings and the ecological footprint can then serve as indicators of sustainability. The link between sustainability and intergenerational welfare is examined, and it is shown how to incorporate indicators of sustainability into a social welfare measure, including risk in the analysis.",

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AB - This paper proposes to define sustainability in terms of leaving it possible for future generations to sustain certain defined targets. It is shown that variants of genuine savings and the ecological footprint can then serve as indicators of sustainability. The link between sustainability and intergenerational welfare is examined, and it is shown how to incorporate indicators of sustainability into a social welfare measure, including risk in the analysis.

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On sustainability and social welfare

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Access to Document

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