'Impossible to find the steady state' and 'Either the model doesn't have a steady state, there are an infinity of steady states's

Steady state
24

Think it does mean that the model setting has something to improve? Can I send you the model draft, may be the model needs some changing?

25

It suggests that there is something wrong in your parameter settings. But I cannot do individual debugging.

26

Hi thanks for your reply. I adjusted the parameter setting and I changed another way to solve wage steady state. But steady state still cannot be computed. I can see that, from your previous reply, that values of labour demand and supply steady state are still not equal. Is that the problem that I have?
M2non.mod (4.7 KB)

27

Yes, that is most probably the main issue. In equilibrium both labor supply and demand need to be equal.