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EnglishWe re‐examine the issue of optimal population in the basic overlapping generations model of neoclassical growth with endogenous fertility and time cost of children in both closed and small open economies. In the former case, we show that the golden rule of population growth can be achieved by a benevolent government in a market setting whose purpose is to maximize the steady‐state individual lifetime welfare, using either a child subsidy or a child tax. In the latter case, the child subsidy (tax) can be used as an exclusive instrument to replicate the command optimum.
| Autori interni: | GORI, LUCA (Corresponding) |
| Autori: | Fanti, Luciano; Gori, Luca |
| Titolo: | Family policies and the optimal population growth rate: closed and small open economies |
| Anno del prodotto: | 2010 |
| Abstract: | We re‐examine the issue of optimal population in the basic overlapping generations model of neoclassical growth with endogenous fertility and time cost of children in both closed and small open economies. In the former case, we show that the golden rule of population growth can be achieved by a benevolent government in a market setting whose purpose is to maximize the steady‐state individual lifetime welfare, using either a child subsidy or a child tax. In the latter case, the child subsidy (tax) can be used as an exclusive instrument to replicate the command optimum. |
| Digital Object Identifier (DOI): | 10.1111/j.1467-999X.2009.04068.x |
| Appare nelle tipologie: | 1.1 Articolo in rivista |
File in questo prodotto:
| File | Descrizione | Tipologia | Licenza | |
|---|---|---|---|---|
| Fanti and Gori 2010 Metroeconomica.pdf | Versione finale editoriale | NON PUBBLICO - Accesso privato/ristretto | Utenti riconosciuti Richiedi una copia | |
| MECA_Post_Print.pdf | Documento in Post-print | Tutti i diritti riservati (All rights reserved) | Open AccessVisualizza/Apri |
http://hdl.handle.net/11568/930726
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