@techreport{403dca21bc0e486b9a41a106d535e4d6,
title = "The Struggle for Rents in a Schumpterian Economy",
abstract = "This paper develops a two-sector endogenous growth model with a dual labour market. Trade unions strive for the extraction of as high a rent as possible from the growth generating imperfectly competitive primary sector. This union behaviour results in a non-competitive wage differential between the primary and secondary (perfectly competitive) sector. The consequence of this distortion is the coming about of wait unemployment, i.e., unemployed queuing for high-paid jobs. Employment and growth are negatively dependent on the relative strength of the union. An increase in concentration in the high-tech sector is good for growth and employment.",
keywords = "endogenous growth, trade unions, unemployment, dual labour markets, non-competitive wage differentials",
author = "{de Groot}, H.L.F.",
note = "Pagination: 30",
year = "1996",
language = "English",
volume = "1996-51",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",
}