Qualification-Mismatch and Long-Term Unemployment in a Growth-Matching Model

Contents

Page

1 INTRODUCTION                                            ⁷

2 REVIEW OF LITERATURE                                    9

3 THE ECONOMY                                         11

4 STEADY-STATE SOLUTION                                   18

5 ECONOMICS OF THE STEADY-STATE                          22

6 CONCLUSION                                            27

7 APPENDIX                                                  28

REFERENCES                                               32

Figure 1: Development of Long-Term Unemployment on

Total Unemployment for Groups of Countries                         8

Figure 2: GNP Per Capita Growth for Country Groups                          9

Figure 3: Steady-State of the Economy                                        20

Figure 4: Analysis of the Stability of the Steady-State                              21

Figure 5: Technical Progress and Long-Term Unemployment

in an Innovation Economy                                         25

Figure 6: Effects of Technical Progress on the Labor

Market in an Imitation Economy                                    26

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