Dynastic Altruism, Population Growth, and Economic Prosperity

Bharat Diwakar and Gilad Sorek

No auwp2016-03, Auburn Economics Working Paper Series from Department of Economics, Auburn University

Abstract: We show that non-linear dynastic altruism toward future generations yields non-monotonic relation between population growth and economic prosperity, which is polynomial in general. The exact shape of this non-monotonic relation depends on the concavity of parental altruistic utility. Hence, this work contributes to the recent line of modified R&D-based growth models, aimed to align theory with empirical evidence on non-linear relation between population growth and economic prosperity.

Keywords: Dynastic Altruism; Population Growth; Technological Progress (search for similar items in EconPapers)
JEL-codes: O31 O40 (search for similar items in EconPapers)
Date: 2016-03
New Economics Papers: this item is included in nep-fdg, nep-gro and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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