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- Title
A note on the Uzawa-Lucas model with unskilled labor.
- Authors
Ferrara, Massimiliano; Guerrini, Luca
- Abstract
In his work on Uzawa-Lucas model with unskilled labor, Robertson [8] asserts that his results do not substantially change if one relaxes the assumption of a total utility function depending on the size of the population, which means that the total utility depends only on the per capita felicity discounted by the rate of time preference. In this paper, Robertson's statement is proved analytically.
- Subjects
UNSKILLED labor; MACROECONOMICS; POPULATION; UTILITY functions; GEOMETRY
- Publication
Applied Sciences, 2010, Vol 12, p90
- ISSN
1454-5101
- Publication type
Article