Optimal Population Without Repugnant Aspects

Philippe Michel and Pierre Pestieau

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper addresses the issue of optimal population with two concerns: avoiding both the absolute repugnant solution that amounts to giving to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individual's marginal income.

Keywords: SOCIAL WELFARE; DEMOGRAPHY (search for similar items in EconPapers)
JEL-codes: D6 D9 J1 (search for similar items in EconPapers)
Pages: 10 pages
Date: 1996
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Related works:
Working Paper: Optimal population without repugnant aspects (1998)
Working Paper: Optimal population without repugnant aspects (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:96a31

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