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 Institute for Demographic Research (September 2002)
Open Access


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.
The Max Planck Institute for Demographic Research (MPIDR) in Rostock is one of the leading demographic research centers in the world. It's part of the Max Planck Society, the internationally renowned German research society.