On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply
We prove that the introduction of endogenous indivisible labor supply into the vintage capital growth model does not rule out the turnpike and optimal permanent regime properties, notably the non- monotonicity properties of optimal paths, inherent in this model.
|Date of creation:||Feb 2013|
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- Boucekkine, Raouf, et al, 1998.
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- repec:cor:louvrp:-1376 is not listed on IDEAS
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