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Inequality, unemployment, and endogenous growth in a political economy with a minimum wage

✍ Scribed by Toshiki Tamai


Publisher
Springer Vienna
Year
2009
Tongue
English
Weight
226 KB
Volume
97
Category
Article
ISSN
1617-7134

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We provide a theoretical treatment of temporal aggregation in models that exhibit long-term endogenously generated steady growth; hence generalizing our previous analysis [Econometrica 62 (1994), 635}656]. We introduce the property of steady growth invariance \* that the long-term growth of the cont