\begin{eqnarray}
\ifnumSw  \Value(\MLev_{t},\PtyGro_t) & = & \max_{\CLev_{t}} \big\{ \uFunc(\CLev_{t}) + \beta \Ex_{t} \big[ (\PtyGro_{t+1}\Psi_{t+1})^{1-\CRRA} \Value(\MLev_{t+1},\PtyGro_{t+1}) \big] \big\} \label{eq:RAscaledV} \ifnumSw
\\  & \mbox{s.t.} & \nonumber
\\ \ifnumSw \ALev_{t} & = & \MLev_{t}-\CLev_{t}. \nonumber
\end{eqnarray}
