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La croissance démographique dans les modèles à générations imbriquées

Hippolyte d'Albis ()

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: In this paper, we develop a continuous time overlapping generations model to analyze the relationship between demographic growth rate and the interest rate. We show there exists a finite demographic growth rate that minimizes the interest rate. This implies that the relation between the two variables is not monotonic. We provide a theoretical characterization of the growth rate that minimizes the interest rate and explain why standard overlapping generations models proposed by Diamond [1965] and Blanchard [1985] systematically exhibit an increasing relationship between the demographic growth rate and the interest rate.

Date: 2003
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00630245
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Published in Revue Economique, Presses de Sciences Po, 2003, 54 (3), pp.573-582

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