Age-specific dynamic labor demand and human capital investment

DOI10.1016/J.JEDC.2006.11.011MaRDI QIDQ1027443zbMATH OpenOpenAlexWikidataFDO

Authors Alexia Prskawetz, Vladimir M. Veliov

Publication date 1 July 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2006.11.011

zbMATH Keywords

human capitalage-structured optimal control modellabor demand

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic growth models (91B62)

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Cites work

• Can falling supply explain the rising return to college for younger men? A cohort-based analysis
• Capital accumulation under technological progress and learning: a vintage capital approach
• Environmental policy, the Porter hypothesis and the composition of capital: effects of learning and technological progress
• Financially constrained capital investments: The effects of disembodied and embodied technological progress
• MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS
• Optimality conditions for age-structured control systems.
• Pontryagin's principle for control problems in age-dependent population dynamics
• Special functions for the study of economic dynamics: the case of the Lucas-Uzawa model
• Technology adoption and accumulation in a vintage-capital model
• The impact of young workers on the aggregate labor market

Cited in

(12)

• Practical exponential stability of stochastic age-dependent capital system with Lévy noise
• The theory of the new economy firm: A dynamic analysis of human capital investment.
• Vintage human capital and learning curves
• On the infinite-horizon optimal control of age-structured systems
• Optimal education in an age-structured model under changing labor demand and supply
• Optimal age-specific election policies in two-level organizations with fixed size
• CAPITAL- AND LABOR-SAVING TECHNICAL CHANGE IN AN AGING ECONOMY
• Externalities in a life cycle model with endogenous survival
• MAKE YOURSELVES SCARCE: THE EFFECT OF DEMOGRAPHIC CHANGE ON THE RELATIVE WAGES AND EMPLOYMENT RATES OF EXPERIENCED WORKERS
• Optimal control of heterogeneous systems: basic theory
• WORKFORCE AGEING AND THE SUBSTITUTION OF LABOUR: THE ROLE OF SUPPLY AND DEMAND OF LABOUR IN AUSTRIA
• The optimal momentum of population growth and decline

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