Optimal consumption, training, working time, and leisure over the life cycle

DOI10.1007/BF00941474zbMath0795.90005OpenAlexW1979524491MaRDI QIDQ1321263

Gustav Feichtinger, Andreas J. Novak

Publication date: 27 April 1994

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf00941474

zbMATH Keywords

learningHopf bifurcationhuman capitallife-cycle modelsstable limit cyclesjoint determination of optimal consumption and allocation of timeworking

Mathematics Subject Classification ID

Application models in control theory (93C95) Economic growth models (91B62)

Related Items

An optimal time-management policy for labor supply and consumption decisions ⋮ A stochastic control model of investment and consumption with applications to financial economics ⋮ Limit cycles in dynamic economic systems

Cites Work

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• On the optimality of limit cycles in dynamic economic systems
• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• Labor, Leisure and Training over the Life Cycle
• A Collocation Solver for Mixed Order Systems of Boundary Value Problems
• ON THE INDIVIDUAL'S LIFETIME ALLOCATION BETWEEN EDUCATION AND WORK*