Long-term growth and unemployment
Article
French
ID: <
10670/1.2vdgdj>
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Abstract
`titrebGrowth and Long-Tern Unemployment`/titreb This article studies the long-term relationship between labor productivity growth and unemployment. Measures ofco-movements in the frequency domain indicate that the relationship is strongly negative for the seven countries studied :United States, Canada, Japan, United Kingdom, France, Italy, and Germany. We show this empirical relationship to beconsistent with an efficiency wage model.