nach oben

Erschienen in:

2019 | OriginalPaper | Buchkapitel

19. Samuelson’s Contributions to Population Theory and Overlapping Generations in Economics

verfasst von : Ronald Lee

Erschienen in: Paul Samuelson

Verlag: Palgrave Macmillan UK

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary theory, and the theory of age-structured life cycles in economic equilibrium and growth. The work is highly abstract but much of it was intended to illuminate issues of compelling policy importance, such as declining fertility and population aging. While his work in population economics has been very influential, his work in population and evolution appears to have been largely overlooked, perhaps because he seldom published in demographic journals or went to population meetings. Here, I discuss his many contributions in all these areas, but give particular attention to demographic aspects of his famous work on overlapping generation models, social security systems, and population growth.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Paul A. Samuelson and the Foundation of International Economics

Nächstes Kapitel Paul Samuelson’s Contributions to Public Economics

I myself had published a very similar analysis in Lee (1974), which Samuelson generously acknowledged but learned about too late to take into account in his own analysis, for the most part.

These data come from the National Transfer Accounts project (Lee and Mason et al. 2011), which was inspired in part by Samuelson (1958). Using a mathematical framework much like that presented in this chapter, the project estimates age profiles of consumption, labor income, saving, asset income, and public and private transfers by age for about 80 countries. There are research teams in 55 countries in Europe, Asia, Africa, Latin America, North America, and Oceania making these estimates according to a strict methodology set out in a manual published by the United Nations Population Division (2013). The project Web site, where much of this data can be found, is www.ntaccounts.org.

Arthur, B.W. and G. McNicoll (1978) “Samuelson, Population and Intergenerational Transfers,” International Economic Review, 19: 241–246.CrossRef

Barton, N.H. and A.M. Etheridge (2011) “The Relation Between Reproductive Value and Genetic Contribution,” Genetics, 188: 953–973.CrossRef

Becker, G.S. (1960) “An Economic Analysis of Fertility,” Demographic and Economic Change in Developed Countries. Princeton, National Bureau of Economic Research: 209–231.

Becker, G.S. (1981) A Treatise on the Family. Cambridge, MA, Harvard University Press.

Becker, G.S. and H. Gregg Lewis (1973) “On the Interaction Between the Quantity and Quality of Children,” Journal of Political Economy, 81: S279–S288.CrossRef

Bommier, A. and R. Lee (2003) “Overlapping Generations Models with Realistic Demography,” Journal of Population Economics, 16: 135–160.CrossRef

Deardorff, A.V. (1976) “The Optimum Growth Rate for Population: Comment,” International Economic Review, 17: 510–515.CrossRef

Diamond, P.A. (1965) “National Debt in a Neoclassical Growth Model,” American Economic Review, 55: 1126–1150.

Dixit, A. (2012) “Paul Samuelson’s Legacy,” Annual Reviews of Economics, 4: 1–31.

Easterlin, R.A. (1968) Population, Labor Force, and Long Swings in Economic Growth: The American Experience. New York, Columbia University Press.

Fisher, R.A. (1930) The Genetical Theory of Natural Selection. Oxford, Clarendon Press.CrossRef

Gale, D. (1973) “Pure Exchange Equilibrium of Dynamic Economic Models,” Journal of Economic Theory, 6: 12–36.CrossRef

Howell, N. (2010) Life Histories of the Dobe !Kung. Berkeley, University of California Press.

Kaplan, H. (1994) “Evolutionary and Wealth Flows Theories of Fertility: Empirical Tests and New Models,” Population and Development Review, 20: 753–791.CrossRef

Lee, R. (1974) “The Formal Dynamics of Controlled Populations and the Echo, the Boom and the Bust,” Demography, 11: 563–585.CrossRef

Lee, R. (1985) “Inverse Projection and Back Projection: Comparative Results and Sensitivity Tests for England,” Population Studies, 39: 233–248.CrossRef

Lee, R. (1993) “Inverse Projection and Demographic Fluctuations: A Critical Assessment of New Methods,” in D. Reher and R. Schofield (eds.) Old and New Methods in Historical Demography. Oxford, Oxford University Press: 7–28.

Lee, R. (1994) “The Formal Demography of Population Aging, Transfers, and the Economic Life Cycle,” in L. Martin and S. Preston (eds.) The Demography of Aging. Washington, DC, National Academies Press: 8–49.

Lee, R. and A. Mason et al. (2011) Population Aging and the Generational Economy: A Global Perspective. Cheltenham, UK and Northampton, MA, USA, Edward Elgar.CrossRef

Lee, R. and A. Mason, et al. (2014) “Is Low Fertility Really a Problem? Population Aging, Dependency, and Consumption,” Science, 346: 229–234.CrossRef

Pollak, R.A. (1986) “A Reformulation of the Two-Sex Problem,” Demography, 23: 247–259.CrossRef

Pollak, R.A. (1990) “Two-Sex Demographic Models,” Journal of Political Economy, 98: 399–420.CrossRef

Samuelson, P.A. (1947) Foundations of Economic Analysis. Cambridge, MA, Harvard University Press.

Samuelson, P.A. (1958) “An Exact Consumption-Loan Model of Interest with or Without the Social Contrivance of Money,” Journal of Political Economy, 66: 467–482.CrossRef

Samuelson, P.A. (1971) “Generalized Predator-Prey Oscillations in Ecological and Economic Equilibrium,” Proceedings of the National Academy of Sciences USA, 68: 980–983.CrossRef

Samuelson, P.A. (1974) “Generalizing Fisher’s “Reproductive Value”: Nonlinear, Homogeneous, Biparental Systems,” Proceedings of the National Academy of Sciences USA, 74: 5772–5775.CrossRef

Samuelson, P.A. (1975a) “The Optimum Growth Rate for Population,”International Economic Review, 16: 531–538.CrossRef

Samuelson, P.A. (1975b) “Optimum Social Security in a Life-Cycle Growth Model,” International Economic Review, 16: 539–544.CrossRef

Samuelson, P.A. (1976a) “An Economist’s Non-linear Model of Self-Generated Fertility Waves,” Population Studies, 30: 243–247.CrossRef

Samuelson, P.A. (1976b) “Time Symmetry and Asymmetry in Population and Deterministic Dynamic Systems,” Theoretical Population Biology, 9: 82–122.CrossRef

Samuelson, P.A. (1976c) “The Optimum Growth Rate for Population: Agreement and Evaluations,” International Economic Review, 17: 516–525.CrossRef

Samuelson, P.A. (1977a) “Generalizing Fisher’s ‘Reproductive Value’: Linear Differential and Difference Equations of ‘Dilute’ Biological Systems,” Proceedings of the National Academy of Sciences USA, 74: 5189–5192.CrossRef

Samuelson, P.A. (1977b) “Generalizing Fisher’s ‘Reproductive Value’: Nonlinear, Homogeneous, Biparental Systems,” Proceedings of the National Academy of Sciences USA, 74: 5772–5775.CrossRef

Samuelson, P.A. (1978a) “Generalizing Fisher’s ‘Reproductive Value’: Incipient and Penultimate Reproductive Value Functions when Environment Limits Growth; Linear Approximants for Nonlinear Mendelian Mating Models,” Proceedings of the National Academy of Sciences USA, 75: 6327–6331.CrossRef

Samuelson, P.A. (1978b) “Generalizing Fisher’s ‘Reproductive Value’: Overlapping and Nonoverlapping Generations with Competing Genotypes,” Proceedings of the National Academy of Sciences USA,75: 4062–4066.CrossRef

Samuelson, P.A. (1980) “Fisher’s ‘Reproductive Value’ as an Economic Specimen in Merton’s Zoo,” Transactions of the New York Academy of Sciences, 39: 126–142.CrossRef

Samuelson, P.A. (1985) “Modes of Thought in Economics and Biology,” American Economic Review, 75: 166–172.

United Nations Population Division (2013) National Transfer Accounts Manual: Measuring and Analyzing the Generational Economy. New York, United Nations.

Vaupel, J., E. Barbi, S. Bertino, and E. Sonnio (eds.) (2004) Inverse Projection Techniques: Old and New Approaches. Berlin, Springer-Verlag.

Willis, R. (1973) “A New Approach to the Economic Theory of Fertility Behavior,” Journal of Political Economy, 81: S14–S64.CrossRef

Willis, R. (1988) “Life Cycles, Institutions and Population Growth: A Theory of the Equilibrium Interest Rate in an Overlapping-Generations Model,” in R. Lee, W.B. Arthur and G. Rodgers (eds.) Economics of Changing Age Distributions in Developed Countries. Oxford, Oxford University Press: 106–138.

Wrigley, E.A. and R. Schofield (1981) The Population History of England 1541–1871: A Reconstruction. London, Edward Arnold.

Yellin, J. and P.A. Samuelson (1974) “A Dynamical Model for Human Population,” Proceedings of the National Academy of Sciences USA, 71: 2813–2817.CrossRef

Yellin, J. and P.A. Samuelson (1977) “Comparison of Linear and Nonlinear Models for Human Population Dynamics,”Theoretical Population, 11: 105–126.CrossRef

Titel: Samuelson’s Contributions to Population Theory and Overlapping Generations in Economics
verfasst von: Ronald Lee
Verlag: Palgrave Macmillan UK
Buch: Paul Samuelson
Print ISBN: 978-1-137-56811-3

Electronic ISBN: 978-1-137-56812-0

Copyright-Jahr: 2019
DOI: https://doi.org/10.1057/978-1-137-56812-0_19