Age-structured optimal control in population economics

This paper brings both intertemporal and age-dependent features to a theory of population policy at the macro-level. A Lotkatype renewal model of population dynamics is combined with a Solow/Ramsey economy. By using a new maximum principle for distributed parameter control we derive meaningful qualitative results for the optimal migration path and the optimal saving rate.

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Year of publication:	2002-09
Authors:	Feichtinger, Gustav ; Prskawetz, Alexia ; Veliov, Vladimir M.
Institutions:	Max Planck Institute for Demographic Research, Rostock, Germany

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Extent:	application/pdf
Series:	MPIDR Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number WP-2002-045 31 pages
Classification:	J1 - Demographic Economics ; Z0 - Other Special Topics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005700185