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

Boucekkine, Raouf; Hritonenko, Natali; Yatsenko, Yuri

doi:10.1515/mel-2013-0001

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

Boucekkine, Raouf

;

Hritonenko, Natali

;

Yatsenko, Yuri

(2013) Mathematical Economics Letter — Vol. 1, n° 1, p. 3-7 (2013)

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Authors

Boucekkine, RaoufUCLouvain
Author
Hritonenko, NataliA and M University
Author
Yatsenko, YuriHouston Baptist University
Author

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.

Affiliations

UCLouvainSSH/LIDAM/CORE - Center for operations research and econometrics
Aix - Marseille UniversityGREQAM
A and M UniversityDepartment of Mathematics
Houston Baptist UniversitySchool of Business

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Boucekkine, R., Hritonenko, N., & Yatsenko, Y. (2013). On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply. Mathematical Economics Letter, 1(1), 3-7. https://doi.org/10.1515/mel-2013-0001 (Original work published 2013)