Optimum Population Growth with CIES Preference in the Infinite- Horizon Ramsey Model

Zheng Wang ()

Labor and Demography from EconWPA

Abstract: When the preference over intertemporal consumptions is of CIES type and human capital enters the production function in a secific way, we show that the optimum population growth rate is exactly the subjective discount rate in an infinite-horizon Ramsey Model.

Keywords: Population growth; CIES function; Ramsey Model (search for similar items in EconPapers)
JEL-codes: D91 O21 (search for similar items in EconPapers)
Date: 2005-07-13
Note: Type of Document - pdf; pages: 7
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpla:0507007

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