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