IDEAS home Printed from https://ideas.repec.org/p/fth/tasman/1997-01.html
   My bibliography  Save this paper

Can We Grow Out of Unemployment? The Lessons of a Neoclassical Analysis

Author

Abstract

The paper evaluates the effectiveness of growth as a remedy for unemployment in the face of a wage minimum in a Solow-Ramsey growth model. It is shown that growth alone will be sufficient to eventually eliminate any quantity of unemployment, as long as the minimum wage is not set "too high". However, a plausible calibration of parameters indicates that the elimination of even a moderate quantity of unemployment by the process of capital accumulation may take more than two decades.

Suggested Citation

  • Coleman, W, 1997. "Can We Grow Out of Unemployment? The Lessons of a Neoclassical Analysis," Papers 1997-01, Tasmania - Department of Economics.
    • Handle: RePEc:fth:tasman:1997-01
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. William Coleman, 1998. "Should We Wait to ‘Grow Out of’ Unemployment? The Implications of a Neoclassical Calibration Analysis," The Economic Record, The Economic Society of Australia, vol. 74(225), pages 162-169, June.

    More about this item

    Keywords

    UNEMPLOYMENT;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:tasman:1997-01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/dutasau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.