Stability properties in an endogenous growth model with elstic labour supply

Abstract

The inclusion of a labour/leisure choice in endogenous growth models has interesting and somewhat counter-intuitive e ects. In existing one sector models a condition for indeterminacy is that labour demand is upwardsloping, which is di cult to reconcile with evidence. In this paper we give conditions for indeterminacy in a one sector model with decreasing… (More)

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Cite this paper

@inproceedings{Pelloni1997StabilityPI, title={Stability properties in an endogenous growth model with elstic labour supply}, author={Alessandra Pelloni and Robert J. Waldmann}, year={1997} }