On the existence of stable population in life cycle models

C-Tier
Journal: Economics Letters
Year: 2016
Volume: 138
Issue: C
Pages: 104-107

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A common assumption adopted in life cycle general equilibrium models is that the population is stable at steady state, that is, its relative age distribution becomes constant over time. An open question is whether the demographic assumptions commonly adopted in these models in fact imply that the population becomes stable. In this article we prove the existence of a stable population in a demographic environment where both the age-specific mortality rates and the population growth rate are constant over time, the setup commonly adopted in life cycle general equilibrium models. Hence, the stability of the population do not need to be taken as assumption in these models.

Technical Details

RePEc Handle
repec:eee:ecolet:v:138:y:2016:i:c:p:104-107
Journal Field
General
Author Count
1
Added to Database
2026-01-25