Labor productivity and dynamic efficiency

This note exhibits sufficient conditions concerning the skills of old workers ruling out overaccumulation stationnary equilibria in an OLG model with productive capital. Using a Cobb-Douglas economy, we show that such conditions seem to be largely fullfilled in the industrialized countries.

MoreLess

Year of publication:	2001
Authors:	Thibault, Emmanuel ; Decreuse, Bruno
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2001, 13, p. 1-6
Publisher:	AccessEcon
Subject:	learning-by-doing

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	D9 - Intertemporal Choice and Growth
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005181995