The Optimum Growth Rate for Population Reconsidered

Jaeger, Klaus ; Kuhle, Wolfgang

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URN: urn:nbn:de:bsz:180-madoc-15384
Document Type: Working paper
Year of publication: 2007
The title of a journal, publication series: MEA Discussion Papers
Volume: 147
Place of publication: Mannheim
Publication language: English
Institution: Außerfakultäre Einrichtungen > VWL insb Makroök u Wirtschaftspol (Börsch-Supan 1989-2011)
MADOC publication series: Veröffentlichungen des MEA (Mannheim Research Institute For the Economics of Aging) > MEA Discussion Papers
Subject: 300 Social sciences, sociology, anthropology
Subject headings (SWD): Bevölkerungswachstum , Serendipity , Mehrgenerationenmodell , Soziale Sicherheit
Keywords (English): Optimal population , Serendipity Theorem , Debt , Social Security , Overlapping Generations
Abstract: This article gives exact general conditions for the existence of an interior optimum growth rate for population in the neoclassical two-generations-overlapping model. In an economy where high (low) growth rates of population lead to a growth path which is efficient (inefficient) there always exists an interior optimum growth rate for population. In all other cases there exists no interior optimum. The Serendipity Theorem, however, does in general not hold in an economy with government debt. Moreover, the growth rate for population which leads an economy with debt to a golden rule allocation can never be optimal.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.

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