All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Luca Gori and Luciano Fanti
 
''From the Malthusian to the Modern Growth Regime in an OLG Model with Unions''
( 2007, Vol. 10 No.14 )
 
 
The passage from the Malthusian Regime to the Modern Regime has been theoretically investigated only in recent times and the understanding of this process is still incomplete. This paper develops a neoclassical OLG model of neoclassical growth which embodies a stylised fact emerged in the second half of the XIX century, especially in European countries, that is the unionisation of labour markets and the diffusion of unemployment insurance systems. The results of this paper suggest that, differently from the previous literature, the diffusion of trade unions - which, causing a simultaneous increase of wages and unemployment, on the one hand reversed the effects of wage on fertility and on the other hand enhanced savings, capital accumulation and output in the long-run - may have triggered or at least favoured the passage.
 
 
Keywords: Economic Growth
JEL: J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining: General
O4 - Economic Growth and Aggregate Productivity: General
 
Manuscript Received : Sep 21 2007 Manuscript Accepted : Oct 17 2007

  This abstract has been downloaded 586 times                The Full PDF of this paper has been downloaded 87708 times