Welfare, Population Growth and Dynamic Inefficiency in an OLG Framework

Daniel Mulino

No 19/05, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: In a two-period OLG framework, there is only one rate of population growth at which the competitive equilbrium outcome is also the golden rule outcome. I show that this is the welfare minimizing outcome for agents. Moreover, I show that as population growth increases beyond the welfare minimizing level, agents are better off even as the economy becomes more dynamically inef_cient.

Pages: 13 pages
Date: 2005-10-03
New Economics Papers: this item is included in nep-dge
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.buseco.monash.edu.au/eco/research/papers/2005/1905twoperiodolg.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mos:moswps:2005-19

Ordering information: This working paper can be ordered from
https://www.monash.e ... esearch/publications

Access Statistics for this paper

More papers in Monash Economics Working Papers from Monash University, Department of Economics Department of Economics, Monash University, Victoria 3800, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Simon Angus ().