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Optimal population without repugnant aspects

Author

Listed:
  • MICHEL, Philippe

    (IUF and GREQAM, Université de Méditerranée)

  • PESTIEAU , Pierre

    (CREPP, Université de Liège and CORE, Université de Louvain)

Abstract

This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to givingg to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individuals’ marginal income.

Suggested Citation

  • MICHEL, Philippe & PESTIEAU , Pierre, 1996. "Optimal population without repugnant aspects," LIDAM Discussion Papers CORE 1996054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:1996054
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp1996.html
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    Cited by:

    1. Spataro, Luca & Fanti, Luciano & Pacini, Pier Mario, 2019. "Saving, fertility and public policy in an overlapping generations small open economy," Economic Modelling, Elsevier, vol. 81(C), pages 16-29.
    2. Thomas I. Renström & Luca Spataro, 2021. "Optimal taxation in an endogenous growth model with variable population and public expenditure," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 639-659, August.

    More about this item

    Keywords

    Economic Welfare; Intertemporal choices and growth; Demographic Economics;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • J1 - Labor and Demographic Economics - - Demographic Economics

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