RDP 2006-06: Ageing, Retirement and Savings: A General Equilibrium Analysis Equation (6)

l_{s, t + s - 1} = {\begin{matrix} {(\frac{v (s, T)}{e_{s} w_{t + s - 1}})}^{1 / ρ} & c_{s, t + s - 1} & s = 1, 2, \dots, T^{'} \\ 1 & s = T^{'} + 1, \dots, T \end{matrix}