calculating the pension saved during a working life and the pension dis-saved after retirement. The findings show that there are …

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 …

contributions of prices, unemployment, replacement rates and taxes by means of an econometrically estimated non-linear wage equation … past times of low productivity, price inflation and reductions in unemployment put significant upward pressure on wage …

using the labour market space by, for instance, working more hours or increasing the retirement age, as this will alleviate …

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 …