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Should We Wait to 'Grow Out Of' Unemployment? The Implications of a Neoclassical Calibration Analysis

Citation

Coleman, WO, Should We Wait to 'Grow Out Of' Unemployment? The Implications of a Neoclassical Calibration Analysis, The Economic Record, 74, (225) pp. 162-169. ISSN 0013-0249 (1998) [Refereed Article]

DOI: doi:10.1111/j.1475-4932.1998.tb01914.x

Abstract

The paper uses a Solow-Ramsey growth model to evaluate the effectiveness of growth as a remedy for unemployment in the face of a wage minimum. Plausible calibration of the model suggests that the elimination of 5% unemployment by the process of capital accumulation may take about 20 yr.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Economic Theory
Research Field:Economic Theory not elsewhere classified
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Income Distribution
Author:Coleman, WO (Dr William Coleman)
ID Code:14667
Year Published:1998
Web of Science® Times Cited:2
Deposited By:Economics and Finance
Deposited On:1998-08-01
Last Modified:2011-08-09
Downloads:0

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