The effect of faster technical progress is studied in our labour-turnover model of the natual
rate of unemployment. In its closed economy version, the model implies that, in the limit, as …

This paper studies the interaction between growth and unemployment. The effect of growth
in the form of technological progress on unemployment is a question that has preoccupied …

How does technical change affect the demand for labour? When will it tend to increase
unemployment? Recent advances in electronics have lent these old questions2 a fresh and …

This article compares the short‐and long‐run effects of technological progress on
employment. It presents a simple model of frictional unemployment capturing the negative …

Much of the literature on growth and unemployment has emphasized the effect of the
increasing pace of technological progress on job instability and wage inequality. But less …

The paper elaborates on the employment intensity of growth. Previous evidence regarding
this question is surveyed. Empirical results concerning Europe and selected other industrial …

This paper analyses the effects of growth on long-run unemployment using a search model
of equilibrium unemployment where growth arises explicitly from the introduction of new …

In this paper we propose a model of endogenous growth with inefficiencies in the production
of human capital caused by unemployment. The rationale underlying this assumption can be …

We develop a two-sector model in which technological progress alternatively raises the
productivity of one sector after another. We assume that goods are complements for the final …

In this paper we address the question of whether labor supply shifts are the only source of
the productivity slowdown that occurred across European countries in the last 15 years. This …