Growth Models with Exogenous Saving Rates, Unemployment and Wage Inertia

Xavier Raurich and Valeri Sorolla

No 287, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: The purpose of this paper is to introduce a noncompetitive labor market and unemployment into the growth models with exogenous saving rates found in economic growth textbooks (SalaiMartin, 2000; Barro and SalaiMartin, 2003; Romer, 2006). We first derive a general framework with a neoclassical production function to analyze the relationship between growth and employment. We use this framework to study the joint dynamics of growth and employment when different wage setting rules are considered

JEL-codes: E24 O41 (search for similar items in EconPapers)
Pages: 0 pages
Date: 2012
New Economics Papers: this item is included in nep-dge, nep-fdg, nep-lab and nep-mac
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bar:bedcje:2012287

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