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ralph lauren polo

Emmanuel Thibault and Bruno Decreuse
''Labor productivity and dynamic efficiency''
( 2001, Vol. 4 No.13 )
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
JEL: D9 - Intertemporal Choice and Growth: General
Manuscript Received : Nov 30 2001 Manuscript Accepted : Dec 19 2001

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