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On the role of public debt in an OLG model with endogenous labor supply

✍ Scribed by Miguel-Angel Lopez-Garcia

Book ID
113722369
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
115 KB
Volume
30
Category
Article
ISSN
0164-0704

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## Abstract In the present work we extend Diamond’s OLG model by allowing for endogenous fertility and look at the consequences of such an extension on the rules for optimal public debt issuing. In particular, we show that the condition according to which the rate of growth of population should be

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I wish to thank Alain Venditti for his constant support and very useful suggestions. I am indebted to an anonymous referee and Philippe Michel for helpful comments, but also to Sandrine Catania and Pascal Belan for stimulating discussions. I thank Marc Seris for a careful reading of this version. Th