Age-structured optimal control in population economics.
Theor Popul Biol
; 65(4): 373-87, 2004 Jun.
Article
em En
| MEDLINE
| ID: mdl-15136012
ABSTRACT
This paper brings both intertemporal and age-dependent features to a theory of population policy at the macro-level. A Lotka-type renewal model of population dynamics is combined with a Solow/Ramsey economy. We consider a social planner who maximizes an aggregate intertemporal utility function which depends on per capita consumption. As control policies we consider migration and saving rate (both age-dependent). By using a new maximum principle for age-structured control systems we derive meaningful results for the optimal migration and saving rate in an aging population. The model used in the numerical calculations is calibrated for Austria.
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Coleções:
01-internacional
Base de dados:
MEDLINE
Assunto principal:
Dinâmica Populacional
/
Fatores Etários
/
Modelos Teóricos
Tipo de estudo:
Health_economic_evaluation
/
Prognostic_studies
Limite:
Adult
/
Aged
/
Aged80
/
Female
/
Humans
/
Male
/
Middle aged
País/Região como assunto:
Europa
Idioma:
En
Revista:
Theor Popul Biol
Ano de publicação:
2004
Tipo de documento:
Article
País de afiliação:
Áustria