Long-Run Economic Performance and the Labor Market

This article uses a simple variation of the Solow model to study the interrelations between economic growth and the labor market. We show, both analytically and empirically, that income and capital per worker in the steady state depend positively on flexibility of the labor market; that the steady-s...tate unemployment rate depends positively on the rate of population growth and the productivity growth rate and negatively on the savings rate and flexibility of the labor market; and, finally, that labor market flexibility affects convergence toward steady state. Ausführliche Beschreibung Beschreibung ausblenden

1. Person:	Alonso, Alberto
Weitere Personen:	Echevarria, Cristina verfasserin
Quelle:	in Southern economic journal Vol. 70, No. 4 (2004), p. 905-919 Weitere Artikel
Format:	Online-Artikel
Sprache:	English
Veröffentlicht:	2004
Beschreibung:	Online-Ressource
Schlagworte:	research-article C51 J60 O47 O57
Online Zugang:	Volltext Volltext
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Anmerkung:	Copyright: Copyright 2004 Southern Economic Association