The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Growth and Unemployment
Abstract
This paper analyses the effects of growth on long-run unemployment using a search model of equilibrium unemployment where growth arises explicitly from the introduction of new technologies that require labour reallocation for their implementation. The analysis uncovers and compares between two competing effects of growth on unemployment. The first is a capitalisation effect, whereby an increase in growth raises the capitalised returns from creating jobs and consequently reduces the equilibrium rate of unemployment. The second is a creative destruction effect whereby an increase in growth reduces the duration of a job match, thereby raising the equilibrium level of unemployment both directly, by raising the job separation rate, and indirectly, by discouraging the creation of job vacancies.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
A Model of Growth Through Creative Destruction
Aghion, P., & Howitt, P. (1990) · National Bureau of Economic Research · doi:10.3386/w3223 · Cited by 5,634
Self-citationUnemployment: macroeconomic performance and the labour market
(1992) · Choice Reviews Online · doi:10.5860/choice.29-6396 · Cited by 3,291
Equilibrium Unemployment Theory
Parai, A. K., & Pissarides, C. A. (1991) · Southern Economic Journal · doi:10.2307/1060212 · Cited by 3,194
Gross Job Creation, Gross Job Destruction, and Employment Reallocation
Davis, S. J., & Haltiwanger, J. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118365 · Cited by 1,754
Coordinating Coordination Failures in Keynesian Models
Cooper, R., & John, A. (1988) · The Quarterly Journal of Economics · doi:10.2307/1885539 · Cited by 1,663
Money-Wage Dynamics and Labor-Market Equilibrium
Phelps, E. S. (1968) · Journal of Political Economy · doi:10.1086/259438 · Cited by 1,412
Blanchard, O. J., Diamond, P., Hall, R. E., & Yellen, J. (1989) · Brookings Papers on Economic Activity · doi:10.2307/2534495 · Cited by 1,057
Equilibrium search and unemployment
Lucas, R. E., & Prescott, E. C. (1974) · Journal of Economic Theory · doi:10.1016/0022-0531(74)90106-9 · Cited by 677
Cited by
The future of employment: How susceptible are jobs to computerisation?
Frey, C. B., & Osborne, M. A. (2017) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2016.08.019 · Cited by 8,727
The Risk of Automation for Jobs in OECD Countries: A Comparative Analysis
(2016) · OECD Social, Employment and Migration Working Papers · doi:10.1787/5jlz9h56dvq7-en · Cited by 847
Toward understanding the impact of artificial intelligence on labor
Frank, M. R., Autor, D., Bessen, J. E., Brynjolfsson, E., Cebrian, M., Deming, D. J., Feldman, M., Groh, M., Lobo, J., Moro, E., et al. (2019) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1900949116 · Cited by 713
Unemployment, growth and taxation in industrial countries
Daveri, F., & Tabellini, G. (2000) · Economic Policy · doi:10.1111/1468-0327.00057 · Cited by 697
Market Selection, Reallocation, and Restructuring in the U.S. Retail Trade Sector in the 1990s
Foster, L., Haltiwanger, J., & Krizan, C. J. (2006) · Review of Economics and Statistics · doi:10.1162/rest.88.4.748 · Cited by 552
Metadata
- Authors
- Aghion, P., & Howitt, P.
- Venue
- The Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 1994-07-01
- Volume
- 61
- Issue
- 3
- Pages
- 477-494
- ISSN
- 0034-6527 (ISSN-L)
- 1467-937X
- OpenAlex
- W2098815569
- Cited by
- 684
- References
- 8
- FWCI
- 38.74
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Growth and Unemployment. https://app.cochat.ai/papers/10.2307/2297900
- The paper
- Aghion, P., & Howitt, P. (1994). Growth and Unemployment. The Review of Economic Studies. https://doi.org/10.2307/2297900
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.