Simple Analysis of Dynamic Efficiency in Endogenous Fertility


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.

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Hiraga, K. (2015) Simple Analysis of Dynamic Efficiency in Endogenous Fertility. Theoretical Economics Letters, 5, 541-544. doi: 10.4236/tel.2015.54063.

Conflicts of Interest

The authors declare no conflicts of interest.


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