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Beschreibung
In the course of the last century, birth rates in the OECD have fallen significantly. This study is concerned with the long run factor price and welfare implications of this decline in birth rates. The relevant models, i.e. the pure consumption loan economy, the neoclassical one-sector growth model, variations of the neoclassical overlapping generations model, and the economic dependency approach are utilized to answer this question. The study features exact general conditions for the existence of an interior optimum growth rate for population in the neoclassical overlapping generations model and, hence, is closing a gap in the preceding literature. Subsequent empirical testing suggests that these conditions for the validity of the Serendipity Theorem are probably satisfied.
In the course of the last century, birth rates in the OECD have fallen significantly. This study is concerned with the long run factor price and welfare implications of this decline in birth rates. The relevant models, i.e. the pure consumption loan economy, the neoclassical one-sector growth model, variations of the neoclassical overlapping generations model, and the economic dependency approach are utilized to answer this question. The study features exact general conditions for the existence of an interior optimum growth rate for population in the neoclassical overlapping generations model and, hence, is closing a gap in the preceding literature. Subsequent empirical testing suggests that these conditions for the validity of the Serendipity Theorem are probably satisfied.
Inhaltsverzeichnis
Contents : Demographic change - Overlapping generations - Serendipity Theorem - Exact general necessary and sufficient conditions - Optimal population in a laissez-faire economy with and without social security - The economic dependency ratio and optimal population.
Details
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9783631573525
ISBN-10: 3631573529
Sprache: Englisch
Herstellernummer: 57352
Autor: Kuhle, Wolfgang
Auflage: Neuausg.
Hersteller: Peter Lang
Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, D-49078 Osnabrück, mail@preigu.de
Maße: 9 x 148 x 210 mm
Von/Mit: Wolfgang Kuhle
Gewicht: 0,23 kg
Artikel-ID: 132599654

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