MPIDR Working Paper

Age-structured optimal control in population economics

Feichtinger, G., Prskawetz, A., Veliov, V. M.
MPIDR Working Paper WP-2002-045, 31 pages.
Rostock, Max-Planck-Institut für demografische Forschung (September 2002)
OpenAccess

Abstract

This paper brings both intertemporal and age-dependent features to a theory of population policy at the macro-level. A Lotkatype renewal model of population dynamics is combined with a Solow/Ramsey economy. By using a new maximum principle for distributed parameter control we derive meaningful qualitative results for the optimal migration path and the optimal saving rate.
Das Max-Planck-Institut für demografische Forschung (MPIDR) in Rostock ist eines der international führenden Zentren für Bevölkerungswissenschaft. Es gehört zur Max-Planck-Gesellschaft, einer der weltweit renommiertesten Forschungsgemeinschaften.