whereby unemployment affects investment and growth. The model generates a growth unemployment rate trade-off. A reduced … propensity to save raises growth but it also raises the unemployment rate because of induced technological progress. This … unemployment affects income distribution; introduction of a Phillips curve and inflation effects; and introduction of demand growth …

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases … unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this …

This paper examines positive and normative implications of efficiency-wage induced unemployment within a model of … and the rate of unemployment. The sign of this correlation is shown to be given by the intersectoral wage differential …. Despite the existence of unemployment, decisive positive properties of the full-employment model are preserved. However …

This paper analyzes the relationship between endogenous growth and unemployment. It provides knowledge diffusion as the … unemployment. …