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Title: Trendless unemployment in a model with endogenous technical progress
Authors: Koegel, Tomas
Keywords: Unemployment
Employment
Labor supply
Capital accumulation
Productivity
Technical progress
Economic growth
Issue Date: 2005
Abstract: An established stylized fact of OECD countries is trendless unemployment over the long run (e.g. over the last century). The present paper derives conditions for trendless unemployment in a model with endogenous technical progress. The results are consistent with earlier findings in a model with exogenous technical progress, but are in sharp contrast to the thesis in Karanassou, M. and Snower, D., 2004. Unemployment invariance. German Economic Review, 5(3), pp. 297-317, in a reduced form model with endogenous technical progress.
Description: Economic Research Paper, no.05-05
URI: https://dspace.lboro.ac.uk/2134/480
Appears in Collections:Working Papers (Economics)

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