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Why do we omit the integral when deriving the f.o.c.’s in long-run growth models such as Romer (1990)?

The justification for this rule of thumb is the calculus of variations, specifically with the functional derivative. First, note that the problem is static, so for ease of notation I'll drop the ...
Wittgenstein's Poker's user avatar
1 vote

Reference books that treat retirement savings/pension systems

If you look for some introductory treatment you can have look at Baar The Economics of the Welfare State Ch 7. However, you should also read some of the preceding chapters to get full context. What ...
1muflon1's user avatar
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