Labor productivity and dynamic efficiency

Emmanuel Thibault and Bruno Decreuse

Economics Bulletin, 2001, vol. 4, issue 13, 1-6

Abstract: 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.

Keywords: learning-by-doing (search for similar items in EconPapers)
JEL-codes: D9 (search for similar items in EconPapers)
Date: 2001-12-19
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Citations: View citations in EconPapers (4)

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