Endogenous technological change with leisure-dependent utility

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 14
Issue: 3
Pages: 669-684

Score contribution per author:

2.018 = (α=2.02 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper investigates the effect of introducing leisure-dependent utility into two models of endogenous technological change. Due to the flexibility in the labour supply the dynamics of the models change significantly. It is shown that if agents attach enough value to leisure in comparison to consumption two balanced growth paths may exist. This implies that economies with the same preferences and the same technology may experience different long-run growth rates.

Technical Details

RePEc Handle
repec:spr:joecth:v:14:y:1999:i:3:p:669-684
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25