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Optimal population without repugnant aspects

Author

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  • MICHEL, Philippe
  • PESTIEAU, Pierre
Abstract
This 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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • MICHEL, Philippe & PESTIEAU, Pierre, 1998. "Optimal population without repugnant aspects," LIDAM Reprints CORE 1408, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:1408
    Note: In : GENUS, vol. LIV, n.3-4, 25-34, 1998
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    Cited by:

    1. Spataro, Luca & Fanti, Luciano & Pacini, Pier Mario, 2019. "Saving, fertility and public policy in an overlapping generations small open economy," Economic Modelling, Elsevier, vol. 81(C), pages 16-29.
    2. Thomas I. Renström & Luca Spataro, 2021. "Optimal taxation in an endogenous growth model with variable population and public expenditure," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(4), pages 639-659, August.

    More about this item

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • J1 - Labor and Demographic Economics - - Demographic Economics

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