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Abstract:
"In this paper, I examine the implications of the Rawlsian maximin criterion for optimal population size and intergenerational allocation of resource when fertility is endogenous. I show that whenever children are better-off than their parents in laissez-faire, then the size of the population and parental bequests are also optimal according to the Rawlsian criterion....I then show that by using proper price-based corrective policies, society can achieve a Rawlsian optimal allocation."
Keywords:
Demographic FactorsDemographyEconomic FactorsFinancial ActivitiesIntergenerational TransfersMathematical ModelMicroeconomic FactorsModels, TheoreticalOptimum PopulationPolicyPopulationPopulation DynamicsPopulation GrowthPopulation PolicyPopulation SizePopulation TheoryResearch MethodologyResource AllocationSocial PolicySocial SciencesWorld