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The literature on unemployment has mostly focused on labor market issues while the impact of capital foonation is largely neglected Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run consequences of institutional shocks on capital foonation and employment. It is shown that the usual trade off between employment and wages disappears in the long run. In line with an appropriation model, the estimated values for the long-run elasticities of substitution between capital and labor for Germany and France are substantially greater than one.
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Cumulates abstracts which appeared in Journal of human services abstracts.
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Mode of access: Internet.
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Mode of access: Internet.
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"February 1, 1966."
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"July 5, 1965"
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Mode of access: Internet.
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"Other works by Leonard Shelford, esq." 2 p. at end.
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Vol. 2 has title "Additional particulars to the Battle of Waterloo ..."
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Mode of access: Internet.
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Cover title.
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At head of title: State of Illinois.
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Mode of access: Internet.
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Mode of access: Internet.