Adjemian, Stéphane; Langot, François; Quintero-Rojas, … - In: European Journal of Comparative Economics 7 (2010) 2, pp. 347-371
unemployment. To this goal, we develop a schumpeterian model of endogenous growth: agents have the choice between employment and R … and D activities. Unemployment is caused by the wage-setting behavior of unions. We show that: (i) Increases in the labor … costs or in the power of trade unions lead to higher unemployment and lower economic growth. (ii) Efficient bargain allows …
