By introducing a wage-setting equation derived from efficiency wage or bargaining
hypotheses, the standard neoclassical growth model is extended to one where there is …

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 …

This paper analyzes equilibrium, dynamics, and optimal decisions on the factor bias of
innovation in a model of induced innovation. In a model with full employment, we show that …

This paper establishes theoretical relations between the level of unemployment and the
economic growth rate. In a model with a monopolistically competitive manufacturing sector …

This paper establishes a theoretical relation between the level of unemployment and the
economic rate of growth. In a model with a monopolistically competitive manufacturing …

An efficiency‐wage model of steady‐state equilibrium with labor‐augmenting technical
progress is developed to explore the long‐run relationship between unemployment and …

This paper establishes theoretical relations between the level of unemployment and the
economic growth rate. In a model with a monopolistically competitive manufacturing sector …

This paper presents a model where the form of innovations is endogenous. It is shown that,
with labour market imperfections, that raise thc wage above the shadow price of labour, tirms …

An important question in alternative economic theories has to do with the relationship
between the functional income distribution and the growth rate of labor productivity …

Technological progress has played a central role in economic growth, income distribution,
and unemployment. Macroeconomics, both theories and empirics, has so far shed light on …