EconPapers    
Economics at your fingertips  
 

How Should the Allocation of Resources Adjust to the Baby Bust&quest

David de la Croix (), Géraldine Mahieu and Alexandra Rillaers

Journal of Public Economic Theory, 2004, vol. 6, issue 4, 607-636

Abstract: We analyze the impact of a drop in fertility on the optimal allocation of resources in an overlapping generations economy where old workers care about leisure. We also characterize optimal dynamics and study the decentralization of the optimum by means of inter-generational transfers and/or public debt. We conclude that the policy recommendations of postponing retirement is fragile and depend on preferences and technologies. Also, even when the optimal adjustment of public debt goes into the expected direction in the long run-i.e., public debt should decrease-this may not be the case during the transition. Copyright 2004 Blackwell Publishing Inc..

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=2004&part=null link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: How should the allocation of resources adjust to the baby bust? (2004) Downloads
Working Paper: HOW SHOULD THE ALLOCATION OF RESOURCES ADJUST TO THE BABY BUST? (2003) Downloads
Working Paper: How should retirement policy adjust to the baby bust ? (2000) Downloads
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:bla:jpbect:v:6:y:2004:i:4:p:607-636

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1097-3923

Access Statistics for this article

Journal of Public Economic Theory is currently edited by Rabah Amir, Gareth Myles and Myrna Wooders

More articles in Journal of Public Economic Theory from Association for Public Economic Theory Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2020-07-30
Handle: RePEc:bla:jpbect:v:6:y:2004:i:4:p:607-636