Optimal population without repugnant aspects
AbstractThis 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.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1996054.
Date of creation: 01 Oct 1996
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Economic Welfare; Intertemporal choices and growth; Demographic Economics;
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