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About Calculation the Optimal Labor Time in the Mirrlees Model

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Submitted:

12 November 2020

Posted:

13 November 2020

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Abstract
In this paper we analyze and propose new method and algorithm of selecting the optimal labor time as a function of skills following our main references Mirrlees (1971), Saez (2001) and Stancheva (2014). The optimal labor time is a situation when the utility function of individual reaches a maximum. One of the main differences with Saez (2001) is our algorithm for creation the skill distribution.
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Subject: Computer Science and Mathematics  -   Algebra and Number Theory
Copyright: This open access article is published under a Creative Commons CC BY 4.0 license, which permit the free download, distribution, and reuse, provided that the author and preprint are cited in any reuse.
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