TY - DATA T1 - Welfare, Population Growth and Dynamic Inefficiency in an OLG Framework PY - 2017/06/06 AU - Mulino, Daniel UR - https://bridges.monash.edu/articles/journal_contribution/Welfare_Population_Growth_and_Dynamic_Inefficiency_in_an_OLG_Framework/5080798 DO - 10.4225/03/59360c714d3cf L4 - https://ndownloader.figshare.com/files/8599042 KW - monash:7035 KW - 1959.1/36471 KW - 2005 N2 - In a two-period OLG framework, there is only one rate of population growth at which the competitive equilbrium outcome Is also the golden rule outcome. I show that this is the welfare minimizing outcome for agents. Moreover, I show that as population growth increases beyond the welfare minimizing level, agents are better off even as the economy becomes more dynamically inefficient. ER -