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Assessing Parfit’s Repugnant Conclusion within a canonical endogenous growth set-up

Abstract : Parfit’s Repugnant Conclusion stipulates that under total utilitarianism, it might be optimal to choose increasing population size while consumption per capita goes to zero. We evaluate this claim within a canonical AK model with endogenous population size and a reduced form relationship between demographic and economic growth. First we characterize the optimal solution paths for any capital dilution function. Second, we prove that while the Repugnant Conclusion can never occur for realistic values of intertemporal substitution in the traditional linear dilution model, it does occur when population growth is linked to economic growth via an inverted U-shaped relationship. Copyright Springer-Verlag 2013
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https://hal-amu.archives-ouvertes.fr/hal-01498245
Contributor : Elisabeth Lhuillier <>
Submitted on : Wednesday, March 29, 2017 - 5:32:14 PM
Last modification on : Wednesday, August 5, 2020 - 3:13:40 AM

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  • HAL Id : hal-01498245, version 1

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Raouf Boucekkine, Giorgio Fabbri. Assessing Parfit’s Repugnant Conclusion within a canonical endogenous growth set-up. Journal of Population Economics, Springer Verlag, 2013, 26 (2), pp.751--767. ⟨hal-01498245⟩

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