PESTIEAU, Pierre; PONTHIERE, Grégory - Center for Operations Research and Econometrics (CORE), … - 2011
, which exhibits cyclical dynamics. We also characterize the social optimum in each economy, and show that Samuelson …'s Serendipity Theorem still holds. Finally, we study the dynamics and social optimum of an economy with interior fertility rates … during the reproduction period. It is shown that various fertility age-patterns are compatible with the social optimum, as …