Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can …, unemployment may be absorbed by underground firms, which adopt backward technology, at the cost of reduced economic growth …. Alternatively, unemployment diminishes because productivity grows by employing workers who prefer to become skilled, and thus not to …

be called Embodied Human Capital Unemployment. This is a phenomenon not seen before in social history, simply because … around for a while as we all live our lives. I illustrate the relevance of this new concept of unemployment to the U …

, leading to the emergence of Embodied Human Capital Unemployment. We illustrate the relevance of this new concept of … unemployment to the U.S economy in the first decade of the 21st Century. This helps achieve a deeper understanding of the current …

. Two aspects are central to the analysis: First, a mature AIDS epidemic causes massive premature adult mortality, thereby …-2040. Both human capital and per capita income grow significantly more slowly after the outbreak of the epidemic, while the … can be significantly higher when the epidemic has reached a mature phase, depending on parents' expectations. Governmental …