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Rawlsian optimal population size.

Y Spiegel

    Journal of Population Economics
    |January 1, 1993
    PubMed
    Summary
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    This study explores optimal population size and resource allocation using the Rawlsian maximin criterion. It finds that when children are better off than parents, current population and bequests align with Rawlsian ideals, achievable with corrective policies.

    Area of Science:

    • Economics
    • Environmental Economics
    • Public Policy

    Background:

    • The Rawlsian maximin criterion is a key ethical framework for evaluating social welfare.
    • Endogenous fertility and intergenerational resource allocation present complex challenges for optimal societal planning.

    Purpose of the Study:

    • To analyze the implications of the Rawlsian maximin criterion for optimal population size.
    • To investigate intergenerational resource allocation under endogenous fertility.
    • To determine if laissez-faire outcomes align with Rawlsian optimality.

    Main Methods:

    • Economic modeling of population dynamics and resource allocation.
    • Application of the Rawlsian maximin criterion to evaluate social welfare.
    • Analysis of parental bequests and intergenerational transfers.
    Keywords:
    Demographic FactorsDemographyEconomic FactorsFinancial ActivitiesIntergenerational TransfersMathematical ModelMicroeconomic FactorsModels, TheoreticalOptimum PopulationPolicyPopulationPopulation DynamicsPopulation GrowthPopulation PolicyPopulation SizePopulation TheoryResearch MethodologyResource AllocationSocial PolicySocial SciencesWorld

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    Main Results:

    • In laissez-faire scenarios, if children are better off than parents, population size and parental bequests are Rawlsian optimal.
    • Price-based corrective policies can guide society toward a Rawlsian optimal allocation.

    Conclusions:

    • The Rawlsian criterion provides a framework for assessing population and resource allocation policies.
    • Endogenous fertility does not inherently prevent Rawlsian optimal outcomes.
    • Policy interventions are effective in achieving desired intergenerational equity and population levels.