particular. It outlines the strong decrease in labour demand and high unemployment in a considerable part of the member …

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 …

years due to high inflation and the economic recession in 1996. The unemployment rate is high: in 1993 it reached 21%; by …

negative effects of the depressed demand on labour market and unemployment, in particular. It further comments the short term …

unemployment. To this goal, we develop a Schumpeterian model of endogenous growth: agents have the choice of being employed or … being doing R&D activities. Unemployment is caused by the wage-setting behavior of unions. We show that: (i) High labor … costs or powerful trade unions lead to higher unemployment and lower economic growth. (ii) Efficient bargain allows to …