Growth and Employment in Europe

"Martin Zagler investigates the interaction between changes in the level of unemployment and changes in the economic rate of growth. He asks, both in theory and in evidence, whether a change in the growth rate of the economy will affect the level of unemployment which the economy experiences, and whether a decline in the level of unemployment will foster or restrict the growth performance of the economy. The book provides the reader with a simple graphical toolkit - the resource constraint and the incentive condition - which allows her to understand the relationship between economic growth and unemployment. After a thorough theoretical and empirical investigation of the topic, the book suggests clear-cut policy perspectives to deal with problems of economic growth and unemployment in the medium to long run."--BOOK JACKET.