The Impact Of Labour Market Institutions And Capital Accumulation On Unemployment
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Unemployment, Capital-Labor Substitution, and Economic Growth
| Author | : Mr.Bob Rowthorn |
| Publisher | : International Monetary Fund |
| Total Pages | : 39 |
| Release | : 1999-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1451846304 |
This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how income distribution and the NAIRU are influenced by capital formation, technical progress, and labor force expansion, and how these factors’ impact depends on the elasticity of substitution between capital and labor. The paper distinguishes between the short-run NAIRU when capital stock is exogenous, and the long-run NAIRU when it is endogenous. It also considers how the analysis must be modified to take into account Keynesian ideas concerning the role of aggregate demand. It concludes that unless the capital stock grows in line with labor supply in efficiency units, the short-run NAIRU will increase, reducing the scope for demand stimulation.
Dual Labor Markets
| Author | : Gilles Saint-Paul |
| Publisher | : MIT Press |
| Total Pages | : 248 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : 9780262193764 |
Uses theoretical models to analyse the macroeconomic implications of the dual labour market. Includes an introduction to the techniques of dynamic programming and the matching function.
Long-run Growth, Social Institutions and Living Standards
| Author | : Neri Salvadori |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 396 |
| Release | : 2014-05-14 |
| Genre | : Business & Economics |
| ISBN | : 1781007764 |
This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. It explores the mutual relationships between living standards, social habits, education an
Labour Markets, Institutions and Inequality
| Author | : Janine Berg |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 430 |
| Release | : 2015-01-30 |
| Genre | : Business & Economics |
| ISBN | : 1784712108 |
Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti
Human Capital, Unemployment, and Relative Wages in a Global Economy
| Author | : Donald Ray Davis |
| Publisher | : |
| Total Pages | : 48 |
| Release | : 1997 |
| Genre | : Human capital |
| ISBN | : |
This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe. To this it adds a model of human capital accumulation based on Findlay and Kierzkowski (1983). A variety of comparative statics are examined, including changes in educational capital and population, entry of new countries to the trading world, technical change, and a productivity slowdown. We derive the consequences for the skilled-to-unskilled wage gap, unemployment, and skill composition.
Growing Income Inequalities
| Author | : J. Hellier |
| Publisher | : Springer |
| Total Pages | : 335 |
| Release | : 2012-11-13 |
| Genre | : Business & Economics |
| ISBN | : 1137283300 |
This book explores the widening gap between the wage packets of skilled and unskilled workers that has become a pressing issue for all states in the globalized world economy. Comparing the experiences of more and less developed economies, chapters analyse the underlying causes and key social changes that accompany income inequality.
Unemployment Under Capitalism
| Author | : D. N. Ashton |
| Publisher | : Praeger |
| Total Pages | : 250 |
| Release | : 1986-02-13 |
| Genre | : Business & Economics |
| ISBN | : |
Attacks the notion that unemployment is "natural" or "inevitable" and argues that it is a predictable consequence of economic, social and political decisions.
