Is there a growth-unemployment trade-off?

Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the factors of production are interdependent. This paper develops a model where the determination of the wage is central to the evolution of these incentives. The incentive to hire respond...

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Bibliographic Details
Main Author: Toche, P
Format: Working paper
Published: University of Oxford 2001