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This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic … theory into the standard neoclassical growth model, it also explains the long-run fluctuations of growth and income … modified to account for unemployment as well as to examine the dynamics of unemployment and the labor share of income under …
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This paper presents a neo-Kaleckian-Goodwin model of growth and distribution. The key innovation is the introduction of managerial pay. Kaleckian monopoly power determines the functional distribution of income and Goodwin labor bargaining power determines wage bill division. The model helps...
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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 …
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factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important …
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This study was conducted by examining the interrelationships between Corruption, Human Resources, and Unemployment in … study aims to examine the relationship that exists between Corruption, Human Resources, and Unemployment so as to provide …, and Unemployment. Our conclusions indicate that corruption makes a considerable contribution to the growth and progress of …
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