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

Access to Document

10.1111/j.1475-4932.1998.tb01914.x

Cite this

@article{85d84f5169b44fd5baa6ca34dc1ba5a4,

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.",

author = "William Coleman",

year = "1998",

doi = "10.1111/j.1475-4932.1998.tb01914.x",

language = "English",

volume = "74",

pages = "162--169",

journal = "Economic Record",

issn = "0013-0249",

publisher = "Wiley-Blackwell Publishing Ltd",

number = "225",

}

TY - JOUR

T1 - Should we wait to 'grow out of' unemployment? The implications of a neoclassical calibration analysis

AU - Coleman, William

PY - 1998

Y1 - 1998

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/0031732624

U2 - 10.1111/j.1475-4932.1998.tb01914.x

DO - 10.1111/j.1475-4932.1998.tb01914.x

M3 - Article

SN - 0013-0249

VL - 74

SP - 162

EP - 169

JO - Economic Record

JF - Economic Record

IS - 225

ER -

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

Abstract

Access to Document

Other files and links

Fingerprint

Cite this