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 …

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 …

these arrangements in European countries is reflected in the mass unemployment which has afflicted these economies since its … countries like France and Germany not only enjoyed prolonged full employment but indeed over-full employment, with 10 per cent …

A serious blemish of the present economic era is the high rates of unemployment which currently afflict developed … countries. Unemployment has reached high levels in several European countries as the following figures suggest. It is nearly 10 …% of the labour force in France, 24.5% in Greece, 15.3% in Ireland, 10.8% in Italy, 25.2% in Spain, 16.4% in Portugal, 8 …