annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

egalitarian grounds --although the conclusion is reversed when mortality strikes only after retirement. … the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima … retirement age, unlike the ex ante egalitarian optimum. This result is robust to the introduction of unequal life expectancies …

We explore the optimal fertility age-pattern in a four-period OLG economy with physical capital accumulation. For that ….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 …

While demographers Lotka (1939) and Lopez (1961) proposed conditions on (exogenous) fertility and mortality laws under … issues of age structure stabilization and convergence, by considering a population whose fertility and mortality are … structures will end up with the same long-run age structure when fertility and mortality laws are converging, which requires …

standard framework of endogenous fertility, the present paper shows that this result is still valid but that subsidizing … exhibit a too high fertility rate. Furthemore, when health is introduced as another source of externalities, the model shows …