Optimum Population Growth with CIES Preference in the Infinite- Horizon Ramsey Model

When the preference over intertemporal consumptions is of CIES type and human capital enters the production function in a secific way, we show that the optimum population growth rate is exactly the subjective discount rate in an infinite-horizon Ramsey Model.

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Year of publication:	2005-07-13
Authors:	Wang, Ralph Z.
Institutions:	EconWPA
Subject:	Population growth \| CIES function \| Ramsey Model

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Extent:	application/pdf
Series:	Labor and Demography.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 7 7 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; O21 - Planning Models; Planning Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005556769