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La croissance démographique dans les modèles à générations imbriquées

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  • Hippolyte d’Albis

Abstract

In this paper, we develop a continuous time overlapping generations model to analyze the relationship between demographic growth rate and the interest rate. We show there exists a finite demographic growth rate that minimizes the interest rate. This implies that the relation between the two variables is not monotonic. We provide a theoretical characterization of the growth rate that minimizes the interest rate and explain why standard overlapping generations models proposed by Diamond [1965] and Blanchard [1985] systematically exhibit an increasing relationship between the demographic growth rate and the interest rate.Classification JEL : D91, E13, J10.

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Bibliographic Info

Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): 54 (2003)
Issue (Month): 3 ()
Pages: 573-582

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Handle: RePEc:cai:recosp:reco_543_0573

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