TEL  Vol.5 No.4 , August 2015
Simple Analysis of Dynamic Efficiency in Endogenous Fertility
Abstract: This paper compares with two conditions of dynamic (in)efficiency, which is “traditional” and “modified” in overlapped generations (OLG) model with endogenous fertility. We show that both two conditions of dynamic efficiency have a bliss point which maximizes the utility at steady state in endogenous fertility.
Cite this paper: Hiraga, K. (2015) Simple Analysis of Dynamic Efficiency in Endogenous Fertility. Theoretical Economics Letters, 5, 541-544. doi: 10.4236/tel.2015.54063.

[1]   Golosov, M., Jones, L.E. and Tertilt, M. (2007) Efficiency with Endogenous Population Growth. Econometrica, 75, 1039-1071.

[2]   Conde-Ruiz, J.I., Giménez, E.L. and Pérez-Nievas, M. (2010) Millian Efficiency with Endogenous Fertility. Review of Economic Studies, 77, 154-187.

[3]   Abel, A., Mankiw, G., Summers, L. and Zeckhauzer, R. (1989) Assessing Dynamic Efficiency: Theory and Evidence. Review of Economic Studies, 56, 1-19.

[4]   van Groezen, B., Lees, T. and Meijdam, L. (2003) Social Security and Endogenous Fertility: Pensions and Child Allowance as Siamese Twins. Journal of Public Economics, 87, 233-251.

[5]   Diamond, P. (1965) National Debt in a Neoclassical Growth Model. American Economic Review, 55, 1126-1150.

[6]   Tirole, J. (1985) Asset Bubbles and Overlapping Generations. Econometrica, 53, 1499-1528.