Optimal Population Without Repugnant Aspects.

This paper addresses the issue of optimum 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 decresases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individuals' marginal income.

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Year of publication:	1996
Authors:	Michel, P. ; Pestieau, P
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	SOCIAL WELFARE \| ECONOMIC GROWTH \| DEMOGRAPHY

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	10 pages
Classification:	D6 - Welfare Economics ; D9 - Intertemporal Choice and Growth ; J1 - Demographic Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005478961