Rawlsian Optimal Population Size
AbstractIn this paper, I examine the implications of the Rawlsian maximum criterion for optimal population size and intergenerational allocation of resource when fertility is endogenous. I show that whenever children are better-off than their parents in laissez-faire, then the size of the population and parental bequests are also optimal according to the Rawlsian criterion. Otherwise, laissez-faire leads to overpopulation and suboptimal bequests. I then show that by using proper price-based corrective policies, society can achieve a Rawlsian optimal allocation. These policies involve either a combination of a subsidy to aggregate future consumption and a per-capita tax on children, or a subsidy to average future consumption.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 6 (1993)
Issue (Month): 4 (November)
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Web page: http://link.springer.de/link/service/journals/00148/index.htm
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- repec:hal:journl:halshs-00275751 is not listed on IDEAS
- Thomas BAUDIN, 2009.
"Family Policies: What Does The Standard Endogenous Fertility Model Tell Us?,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
2009041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Thomas Baudin, 2011. "Family Policies: What Does the Standard Endogenous Fertility Model Tell Us?," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(4), pages 555-593, 08.
- Thomas Baudin, 2008. "Family policies : what does the standard endogenous fertility model tell us ?," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00275751, HAL.
- Thomas Baudin, 2008. "Family policies : what does the standard endogenous fertility model tell us ?," Documents de travail du Centre d'Economie de la Sorbonne v08029, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- BAUDIN, Thomas, . "Family policies: What does the standard endogenous fertility model tell us?," CORE Discussion Papers RP -2341, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BAUDIN, Thomas, 2010. "Family policies : what does the standard endogenous fertility model tell us ?," CORE Discussion Papers 2010058, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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