English, Article, Journal or magazine article edition: Welfare, Population Growth and Dynamic Inefficiency in an OLG Framework Daniel Mulino

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Bookmark: http://trove.nla.gov.au/version/16454
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Welfare, Population Growth and Dynamic Inefficiency in an OLG Framework
Author
  • Daniel Mulino
Physical Description
  • preprint
Notes
  • RePEc:msh:moswps:2005-19
  • 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.
  • RePEc:mos:moswps:2005-19
Language
  • English
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