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Interiority of the Optimal Population Growth Rate with Endogenous Fertility

Gemma Abio

No 96, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: This paper analyzes the issue of the interiority of the optimal population growth rate in a two-period overlapping generations model with endogenous fertility. Using Cobb-Douglas utility and production functions, we show that the introduction of a cost of raising children allows for the possibility of the existence of an interior global maximum in the planners problem, contrary to the exogenous fertility case.

JEL-codes: J18 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:bar:bedcje:200396

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