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.

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Year of publication:	2013-02-05
Authors:	Boucekkine, Raouf ; Hritonenko, Natali ; Yatsenko, Yuri
Subject:	Optimal control \| integral equations with delays and advances \| vintage capital \| endogenous labor supply

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Extent:	application/pdf
Series:	AMSE Working Papers.
Type of publication:	Book / Working Paper
Notes:	C61, C62, O40 Number 1303 9 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010900231