Titlebook: Unemployment, Market Structure and Growth; Rüdiger Wapler Book 2003 Springer-Verlag Berlin Heidelberg 2003 Efficiency Wages.Employment.End

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Market Structure and Unemployment,hout a full general- equilibrium analysis, both the price of as well as the demand for the good or service that is being produced is exogenously given. Although these assumptions can be justified if the aim of the model is to focus only on the labour-market distortions, they also mean that potential

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Exogenous Growth and Unemployment,ar whether growth and unemployment are positively or negatively related as there are two main effects that need to be considered. On the one hand, one of the main channels for positive growth rat es is an increase in productivity. However, if this technological progress is labour-saving, i.e less la

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Market Structure, Innovation-Based Growth and Unemployment,the assumption that growth resulted from exogenously given technological progress. As these neoclassical growth models were able to explain many empirical findings such as decreasing growth rates and conditional convergence well, research neglected the issue of a growth for a while. However, by the

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Summary and Conclusions, not even the United States, has managed to reduce its unemployment rates to the level it was in the late 1960s and early 1970s, a time when the unemployment rates were three percent or lower, rates at which the labour market is nearly “cleared”. Since that time, all economies have experienced negat

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Book 2003asis is placed on imperfect labour and product markets on the one hand, and on the numerous links between unemployment, innovations and growth on the other. Hence, Rudiger Wapler provides an important contribution towards a better understanding of both the development of labour markets as well as th

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Market Structure, Innovation-Based Growth and Unemployment,d that new theories which endogenously explained growth were needed.! As can easily be shown, any factor leading even to a small permanent percentage increase in the annual growth rate has substantial consequences for the long-term per-capita income level. Thus, as Lucas (1988, p. 5) puts it: