Abstract
We observe in the literature of the past decade some innovative contributions identified a relation between economic growth and long run unemployment. This set of contributions is composed of very few elements, all characterized by a high degree of heterogeneity about their features and about their final results. In the first part of the survey we provide a classification of these early contributions. In the second part we explore some alternative formulations of the problem and we present a wider set of models displaying interesting features, able to promote further studies about the persistence of unemployment in a growing economy.
Original language | English |
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Pages (from-to) | 419-455 |
Number of pages | 37 |
Journal | Journal of Economic Surveys |
Volume | 17 |
Issue number | 3 |
DOIs | |
Publication status | Published - Jul 2003 |
Keywords
- Growth; unemployment; job-search; human capital; strategic comple- mentarities; co-ordination failure