Deidda, L.; Cerina, F. - Centro Ricerche Nord Sud (CRENoS) - 2002
”We need more time - more time for leisure” Linton Kwesi Jonhson used to dub. Indeed, the analysis of an OLG economy with endogenous labor supply gives some rational to the dub poet’s claims. In our setting, the golden rule is defined as the pair of capital-labour ratio and individual...