Editing Overlapping generations model (section)

=== Two-sector OLG model ===
The one-sector OLG model was further augmented with the introduction of a two-sector OLG model by [[Oded Galor]].<ref name=":0" /> The two-sector model provides a framework of analysis for the study of the sectoral adjustments to aggregate shocks and implications of international trade for the dynamics of comparative advantage. In contrast to the Uzawa two-sector neoclassical growth model,<ref>{{Cite journal|last=Uzawa|first=Hirofumi|date=1964|title=Optimal growth in a two-sector model of capital accumulation|journal=The Review of Economic Studies|volume=31|issue=1|pages=1–24|doi=10.2307/2295932|jstor=2295932}}</ref> the two-sector OLG model may be characterized by multiple steady-state equilibria, and initial conditions may therefore affect the long-run position of an economy.