We introduce efficiency-wage unemployment in a model of growth with endogenous technical change. Our research aim is … twofold. First, we try to provide an analytically tractable model of growth with efficiency-wage unemployment that can be … viewed as alternative to the standard models of growth and search unemployment. Second, we try to analyze the steady …

This paper presents a neo-Kaleckian-Goodwin model of growth and distribution. The key innovation is the introduction of …

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases … unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this …