Simple Analysis of Dynamic Efficiency in Endogenous Fertility

Kazuki Hiraga

School of Political Science and Economics, Tokai University, Kanagawa, Japan.

DOI: 10.4236/tel.[phone]                

Abstract

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.

Keywords

Dynamic (In)Efficiency, Overlapped Generations (OLG) Model, Endogenous Fertility

Conflicts of Interest

The authors declare no conflicts of interest.

References

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