Saltari, Enrico; TRAVAGLINI, Giuseppe - In: Rivista Italiana degli Economisti 13 (2008) 1, pp. 3-38
In this paper we argue that the deceleration of labor productivity is at the root of the slowdown of the European economic growth over the last fifteen years. Using a simple dynamic model of the labor market, we show that this poor performance can only be accounted for by a combination of two...