Age-structured optimal control in population economics

Gustav Feichtinger, Alexia Fürnkranz-Prskawetz and Vladimir Veliov (vladimir.veliov@tuwien.ac.at)

No WP-2002-045, MPIDR Working Papers from Max Planck Institute for Demographic Research, Rostock, Germany

Abstract: This paper brings both intertemporal and age-dependent features to a theory of population policy at the macro-level. A Lotkatype renewal model of population dynamics is combined with a Solow/Ramsey economy. By using a new maximum principle for distributed parameter control we derive meaningful qualitative results for the optimal migration path and the optimal saving rate.

JEL-codes: J1 Z0 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.demogr.mpg.de/papers/working/wp-2002-045.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dem:wpaper:wp-2002-045

DOI: 10.4054/MPIDR-WP-2002-045

Access Statistics for this paper

More papers in MPIDR Working Papers from Max Planck Institute for Demographic Research, Rostock, Germany
Bibliographic data for series maintained by Peter Wilhelm (wilhelm@demogr.mpg.de).