We show that in a large class of distributed optimal control models (DOCM), where population is described by a McKendrick type equation with an endogenous number of newborns, the reproductive value of Fisher shows up as part of the shadow price of the population. Depending on the objective...

In this chapter we discuss the relationship between changes in a country's age structure and its economic growth and productivity. We summarize the recent literature on the impact of a country's age structure on economic growth and relate the results to our own empirical findings. Our results...

Empirical studies indicate that the transition to parenthood is influenced by an individual's peer group. To study the mechanisms that create interdependencies across individuals' transition to parenthood and its timing we apply an agent–based simulation model. We build a one-sex model and...