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La croissance démographique dans les modèles à générations imbriquées
| Content Provider | Semantic Scholar |
|---|---|
| Author | D'Albis, Hippolyte |
| Copyright Year | 2003 |
| 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. |
| Starting Page | 573 |
| Ending Page | 582 |
| Page Count | 10 |
| File Format | PDF HTM / HTML |
| DOI | 10.3917/reco.543.0573 |
| Volume Number | 54 |
| Alternate Webpage(s) | https://hal.archives-ouvertes.fr/hal-00630245/document |
| Alternate Webpage(s) | https://doi.org/10.3917/reco.543.0573 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |