Volume no :9, Issue no: 1, -2 May and June 2011

Journal of Mathematical Sciences: Advances and Applications

THE SOLOW-SWAN MODEL WITH A NEGATIVE LABOR GROWTH RATE

Author's: HONGJING CHEN and SHAOYONG LAI
Pages: [29] - [38]
Received Date: June 12, 2011
Submitted by:

Abstract

This paper is devoted to the study of the Solow-Swan growth model with a variable population growth rate, which is bounded. The model is classified as a differential equation as the population growth rate is a negative and non-constant number, which represents that the nation has the phenomenon of population aging. Specifically, under certain circumstances, the modified Solow-Swan model could be used to explain the relationship between population aging and wealth gathering.

Keywords

Solow-Swan model, negative labor growth rate, population aging.