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We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10013317253
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
The aim of this research is to build on a theory for explaining economic development in a (neoclassical) growth model with endogenous fertility. The economy is comprised of overlapping generations of rational and identical individuals and identical competitive firms producing with a...
Persistent link: https://www.econbiz.de/10012130325
This paper provides an explanation for five stylized facts concerning growth and structural change in the developed economies: (i) the rising share of service employment; (ii) the increase in the female employment rate; (iii) the deceleration of this increase while approaching the male employment...
Persistent link: https://www.econbiz.de/10014123627
. Unfortunately, in many African countries, unemployment rates are low and growth is seldom jobless. Regrettably, most of the poor … unemployment and unmet job expectations are alarming. Consequently, this paper provides a framework that cuts across sectors and …
Persistent link: https://www.econbiz.de/10013076960
Wald test and error correction model provide exactly the same conclusion of a uni-directional causality from unemployment … contrary to unemployment–output relationship even though unemployment rate determines the real output growth in Nigeria but not … drastic reduction of unemployment which is a pointer to increasing aggregate demand and output growth in Nigeria in the long …
Persistent link: https://www.econbiz.de/10009788571
with persistent unemployment arises. -- Status Preference ; Persistent Unemployment ; Long-Run Growth …
Persistent link: https://www.econbiz.de/10003720854
In this paper we analyze the so-called AK endogenous growth model with persistent unemployment due to wages rigidities …
Persistent link: https://www.econbiz.de/10014182757
This paper argues that in a growing economy unemployment can be the cause of goods markets failures, even if these are … on the job offers, causing unemployment. Workers, anticipating this, will ask for a risk premium in insecure contracts … eliminate the number precarious job offers. Thus a transitory demand shock will lead to a persistent level of unemployment in a …
Persistent link: https://www.econbiz.de/10014142819
We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates on labour income, capital income, and private consumption to finance productive expenditures,...
Persistent link: https://www.econbiz.de/10013152348