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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.

Suggested Citation

  • Hippolyte d’Albis, 2003. "La croissance démographique dans les modèles à générations imbriquées," Revue économique, Presses de Sciences-Po, vol. 54(3), pages 573-582.
    • Handle: RePEc:cai:recosp:reco_543_0573
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    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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