Age-structured optimal control in population economics
This paper brings both intertemporal and age-dependent features to a theory of population policy at the macro-level. A Lotkatype renewal model of population dynamics is combined with a Solow/Ramsey economy. By using a new maximum principle for distributed parameter control we derive meaningful qualitative results for the optimal migration path and the optimal saving rate.
|Date of creation:||Sep 2002|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.demogr.mpg.de/|
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