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Optimal Population Without Repugnant Aspects

Author

Listed:
  • Michel, P.
  • Pestieau, P.

Abstract

This paper addresses the issue of optimal population with two concerns: avoiding both the absolute repugnant solution that amounts to giving 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 individual's marginal income.

Suggested Citation

  • Michel, P. & Pestieau, P., 1996. "Optimal Population Without Repugnant Aspects," G.R.E.Q.A.M. 96a31, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:96a31
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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

    SOCIAL WELFARE; DEMOGRAPHY;

    JEL classification:

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

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