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On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply

Abstract : 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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https://hal-amu.archives-ouvertes.fr/hal-01498250
Contributor : Elisabeth Lhuillier <>
Submitted on : Wednesday, March 29, 2017 - 5:32:22 PM
Last modification on : Saturday, October 3, 2020 - 3:14:28 AM

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  • HAL Id : hal-01498250, version 1

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Raouf Boucekkine, Natali Hritonenko, Yuri Yatsenko. On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply. Mathematical Economics Letters, 2013, 1 (1), pp.3--7. ⟨hal-01498250⟩

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