Should we wait to 'grow out of' unemployment? The implications of a neoclassical calibration analysis

William Coleman

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

Should we wait to 'grow out of' unemployment? The implications of a neoclassical calibration analysis

William Coleman^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

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.

Original language	English
Pages (from-to)	162-169
Number of pages	8
Journal	Economic Record
Volume	74
Issue number	225
DOIs	https://doi.org/10.1111/j.1475-4932.1998.tb01914.x
Publication status	Published - 1998
Externally published	Yes

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10.1111/j.1475-4932.1998.tb01914.x

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title = "Should we wait to 'grow out of' unemployment? The implications of a neoclassical calibration analysis",

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.",

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JO - Economic Record

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Should we wait to 'grow out of' unemployment? The implications of a neoclassical calibration analysis

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