Population Growth and Technological Change: a Pure Welfarist Approach
Thomas Renström () and
Luca Spataro ()
Additional contact information
Thomas Renström: Durham University, Durham University Business School
No 2013_03, CEGAP Working Papers from Durham University Business School
In this paper we characterize the optimal steady state and dynamics of an intertemporal economy in presence of endogenous fertility. For doing this we propose a new version of Critical Level Utilitarianism (CLU) a là Blackorby et al (1995), that we call Relative CLU, which is shown to be axiomatically founded and allows for time-varying critical level. In particular, we show that under such social preferences both the short and the long run effects of technological shocks on the optimal population growth are non-trivial, depending on the characteristics of both preferences and production technology. However, we show that the negative relationship between fertility and technological development emerges under a broad class of preferences, which is typically found in empirical research.
Keywords: critical level utilitarianism; population; technology shocks; transitional dynamics. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
https://www.dur.ac.uk/resources/dbs/faculty/workin ... Renstrom_Spataro.pdf main text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:dur:cegapw:2013_03
Access Statistics for this paper
More papers in CEGAP Working Papers from Durham University Business School Durham University Business School, Mill Hill Lane, Durham DH1 3LB, England. Contact information at EDIRC.
Bibliographic data for series maintained by Tatiana Damjanovic ().