Growth and Employment in Europe

Zagler investigates the interaction 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.

Growth and Employment in Europe has been awarded the Egon Matzner Memorial Price.

Autorentext
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.

Zusammenfassung
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.

Inhalt
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