Age-structured optimal control in population economics

Gustav Feichtinger, Alexia Fürnkranz-Prskawetz and Vladimir Veliov ()

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
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Citations: View citations in EconPapers (3)

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

DOI: 10.4054/MPIDR-WP-2002-045

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