30% discount
Zagler investigates the between changes in the level of unemployment and changes in the
economic rate
of growth. It asks, both in theory and in evidence, whether a change in the growth rate of
the economy will affect the level of unemployment which the economy experiences and
whether a decline in the level of unemployment will foster or deteriorate the growth
performance of the economy.
Table of Contents
Introduction and Overview
PART I: THEORY
Efficiency Wages
A Model of Economic Growth and Structural Change
Structural Change and Search Frictions
Can Long-term Wage Accords Promote Growth and Employment?
Aggregate Demand and Keynesian Unemployment
PART II: EVIDENCE
Job Creation and Destruction
The Causality between Economic Growth and Unemployment
The Dynamics of Economic Growth and Unemployment
Conclusions and Policy Recommendations
Author Biographies
MARTIN ZAGLER is Associate Professor of Economics at the Vienna University of Economics
and Business Administration, Austria and visiting professor at the Free University of
Bozen/Bolzano. He has published in a number of learned journals and is the author of
Endogenous Growth, Economic Policy, and Market Failures.
Hardcover
222 pages
