Why isn't convergence instantaneous? Young workers, old workers, and gradual adjustment

DOI10.1023/A:1009797314078zbMath0927.91016MaRDI QIDQ1292183

Michael Kremer, James Thomson

Publication date: 17 June 1999

Published in: Journal of Economic Growth (Search for Journal in Brave)

zbMATH Keywords

growthconvergencehuman capitalsteady state

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (4)

OPTIMAL EDUCATION IN AN AGE-STRUCTURED MODEL UNDER CHANGING LABOR DEMAND AND SUPPLY ⋮ Equilibrium, convergence, and capital mobility in neoclassical models of growth ⋮ Occupational choice and development ⋮ Adjustment costs in a two-capital growth model.

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