Population Growth and Optimality: When Does Serendipity Hold?

Philippe Michel and Pierre Pestieau

Journal of Population Economics, 1993, vol. 6, issue 4, 353-62

Abstract: This note gives the condition under which there is an interior optimum rate of population growth in a two-generations-overlapping model. These conditions imply complementarity both in production and in consumption. They also validate Samuelson's serendipity theorem.

Date: 1993
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