Growth, Wealth and the Natural Rate: Is the Jobs Crisis a Growth Crisis?
The effect of faster technical progress is studied in our labour-turnover model of the natual rate of unemployment. In its closed economy version, the model implies that, in the limit, as the steady-growth rate is approached, the increase in the rate of progress is neutral for the natural unemployme...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1995
|
| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/63 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Singapore Management University |
| Language: | English |
Be the first to leave a comment!