A Two-Sector Model of Endogenous Growth with Leisure
分析了一个包含物质资本、人力资本以及休闲、工作和教育三种时间使用的内生增长模型，发现即使没有技术外部性也可能存在多条平衡增长路径，并描述了消费、休闲、工作和教育在这些路径上的定性特征及转移动态。
In this paper we analyze a class of endogenous growth models with physical and human capital and with three altematives uses of time: unqualified leisure, work and education. In contrast to some other related models, we find that, even in the absence of technological extemalities, there could be multiple balanced paths. We provide a characterization of the qualitative behavior of consumption, leísure, work and education over those balanced paths, and study their transitional dynamics.