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
Authors:	Raouf, Boucekkine ; Natali, Hritonenko ; Yuri, Yatsenko
Published in:	Mathematical Economics Letters. - De Gruyter. - Vol. 1.2013, 1, p. 3-7
Publisher:	De Gruyter
Subject:	Optimal control \| integral equations with delays and advances \| vintage capital \| endogenous labor supply

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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