La croissance démographique dans les modèles à générations imbriquées
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  and Blanchard  systematically exhibit an increasing relationship between the demographic growth rate and the interest rate.
|Date of creation:||2003|
|Publication status:||Published in Revue Economique, Presses de Sciences Po, 2003, 54 (3), pp.573-582|
|Note:||View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00630245|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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